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Get your taxes done using TurboTax
Thanks for your information dmertz.
My understanding from your post is that Roth IRA excess is non taxable and the easiest solution for my case is to request a check $5k (excess distribution) from Schwab Roth IRA account, and pay 6% penalty and be done with it. No double taxation on the excess distribution.
Could you please confirm my understanding is correct ?
‎November 5, 2022
10:57 PM