RobertB4444
Expert Alumni

Get your taxes done using TurboTax

If you remove the excess contribution before the filing deadline of the tax return and there are no earnings then it is a non-taxable event and you don't need to worry.  

 

If you remove the contribution after the filing deadline or there are earnings on the excess contribution then you will be taxed on that so withholding taxes may be a good idea.

 

@zorky9 

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