Reply To: 1099-R on Roth IRA annuity payment

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#14853
wanttoknow
Participant

TIAA’s letter didn’t say anything about the $125 “being generated on an excess contribution”. Rather, it’s TIAA’s estimate of what I would have earned outside of the annuity on the late-paid amount had it been paid on time.

Given that, is treating the entire $1,602 as nontaxable on the 4852 still the best way to go?