I discovered client made a $3600 non-elgible contribution to Roth in 2008 while preparing her return. I did not report it on her 2008 return since I told her to contact Ameriprise to remove. They did so in Feb 2009 but the fund had dropped and she encountered a loss of $1577 resulting a refund of $2023. Ameriprise has told her to amend her 2008 return showing the loss attributable to the contribution. Wouldn't the loss show up on the 2009 form 1099R? I'm sorry but I'm not sure how to handle this.
Larry
Larry
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