The issue was, did you have to take yearly RMDs or not. That is where the confusion was,IRS decided to waive requirements to take yearly RMDs for those years fo...
Increase your 2025 income by the amount of earnings you anticipate(eg 1099-INT) and that should give you your new permitted contribution.You still need a fudge ...
If your income permits $960 (phaseout rule) , your nominal excess contribution is $1,832 and that amount plus a fudge factor is the amount you state on the form...
@shugu88return of excess contribution:---The rules are different for a contribution for this tax filing year, and a contribution for earlier years.In either cas...
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