Username is two words
Level 5
04-07-2022
01:19 AM
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Hi, yes I know the rule, I am trying to get the right results in Pro Series. The earnings on the excess contributions should be included in income and subject to the 10% penalty. So far I have not been able to get that result. I know a 1099R will come next year saying there is taxable income in 2021. I'd just as soon report it now, on the 2021 return, rather than having to amend.
So far I can't get this result.