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March 24, 2025
Question

2023 MAGI was too high. Removed Roth prior year excess contribution plus earnings in March 2024. Reported 2024 1099-R on 2023 return. How can report 2024 boxes 4 and 14?

  • March 24, 2025
  • 1 reply
  • 0 views
Turbo Tax wants me to amend my 2023 tax return.

    1 reply

    fanfare
    Employee
    March 24, 2025

    The withholding must be included on your 2024 tax return since that's when it was taken.

    That's how it works.

     

     

    @khairall