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@dmvorion All I stated in my previous reply was accurate. And yes, we did resolve it. In our case, we had 2021 and 2022 excess contributions. With the timely co...
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@sjrcpa@sjrcpawrote:but for home purchased in 2022 the loan wasn't outstanding all year so that's too high.Use average monthly balances.Based on the IRS guide h...
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"Can, may, and should, are all treated differently. The taxpayer can pretty much do anything they want to, even if it is subject to penalty and/or excise tax an...
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You said: "And that is why you would amend. You seem to think the earnings can be left in the Roth, and left to grow as Roth, which would be tax free, but that'...
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"Are you also including the Form 8606 in your considerations?"I do understand about 2022 contribution, and how that would be handled. No need to report it on 86...
