This is what I am hoping. The only wrinkle is we recharecterized the full amount for 2022 to Roth and since the error was on the brokerage firm's part (and communicated a year and a half later) I am not clear if that additional $230 was included in their calculation that was reported on the 1099-R. Not sure if that matters or not.So is it correct that you made a $6,230 TIRA contribution in 2022, and that is the source of the excess? Because in that case, you absorbed the excess as a non-deductible TIRA contribution in 2023 which now needs to be reported on both forms 5329 and 8606 for 2303 (in addition to reporting the excess on a 2022 form 5329 and paying $14 in excise tax.
Statistics: Posted by jbutters — Tue Aug 27, 2024 7:28 pm — Replies 11 — Views 606