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I did learn from this forum, and that was appreciated. However, it is best to put accurate advise out there and yours was not accurate to the best of my knowled...
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I'm not sure what you mean by "that's not been my experience". Where did your experience come from? Here's word for word the information in IRS Publication 590-...
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You need to make up a 1099-R and enter it in ProSeries for the year the excess contribution was made, not when it was withdrawn.
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No, the earnings are taxable in the year the excess contribution was made.
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Thanks, I've looked for this before and never noticed that box. It's in a Section titled "Verify Box 7 Distribution Codes" on the 1099-R input screen in the 202...
