Skip to main content
March 8, 2020
Question

How do I show that I withrew roth IRA contribution since I over contributed for 2019? for example I need to withdrew $1300 from $6000 that I made contribution for 2019.

  • March 8, 2020
  • 1 reply
  • 0 views
No text available

1 reply

macuser_22
Employee
March 8, 2020

You need to ask the IRA custodian for a "return of excess contributions".   They must return that to yiun and any earnings attributed to the excess.  That will be reported in 2021 on a 1099-R with box 7 code JP that will require that yiu amend 2019 to report it.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**