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Level 2
September 20, 2021
Question

Return of Excess Roth IRA Contribution

  • September 20, 2021
  • 1 reply
  • 6 views

The IRS in Form 8606 instructions states that when you had IRA contribution returned to you, "attach a statement explaining the distribution."

Does Lacerte automatically generate such a statement?

If not, what information is the IRS looking for?

This topic has been closed for replies.

1 reply

sjrcpa
Level 15
September 20, 2021

No.

The more I know the more I don’t know.