qbteachmt
Level 15
‎03-31-2021 11:19 AM

You are handling Corrective Distribution, not Loss reporting.

I like web articles meant for the investor, such as:

https://www.fool.com/retirement/plans/roth-ira/excess-contribution/

https://www.taxact.com/support/1280/2016/ira-or-roth-ira-excess-contributions

https://www.investopedia.com/articles/retirement/04/042804.asp

https://www08.wellsfargomedia.com/assets/pdf/personal/goals-retirement/taxes-and-retirement-planning...

 

And of course, the IRS:

https://www.irs.gov/publications/p590a

 

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