Day: April 5, 2024

i contributed IRA in 2024 jan for 2023 IRA, and I did over contribute and i remove the excess amount, should i get a 1099-R and i need to report in Tax?i contributed IRA in 2024 jan for 2023 IRA, and I did over contribute and i remove the excess amount, should i get a 1099-R and i need to report in Tax?

April 5, 2024 | superfastcomputercom| 0 Comment | 11:38 pm

Yes, you likely will receive a 1099-R and you do need to report it on your tax return, even though you fixed the overcontribution. Here’s the breakdown: 1099-R: Since you