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Removing excess Roth
I need to contact Vanguard to remove excess Roth contribution made last year. I understand they will remove the excess plus gains, and I will pay taxes on the gains. I think they give me a form 1099-R? Question: how will I report this when using TurboTax? If I still say I added the $ to my Roth, it will automatically impose the 6% penalty, or am I missing something or a process?
March 8, 2025
6:41 AM