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Get your taxes done using TurboTax
To resolve the first two years you must remove $6,000 each, or offset it with an allowed contribution.
Evidently you don't have any allowed contribution(s).
To resolve the third year you must remove the remaining money if that is less than $6,500.
You owe penalties of 6% yearly on money that should not be in your Roth IRA when it is a disallowed contribution that was not timely resolved.
‎December 18, 2023
5:37 PM