@JotikaT2
Thank you for the response! I checked that FAQ. Here are the steps:
- Or, remove only the excess contribution after your tax deadline. After you file:
- Request a regular distribution between October 17 and December 31, 2025. This is to remove the excess contribution- without earnings.
- You’ll keep the earnings in the Roth IRA account.
- You'll take the 6% penalty on the 2024 return.
- You'll avoid the penalty on next year’s tax return.
I already requested a regular distribution for excess contribution only. I now want to submit an amended 2024 tax return to pay the penalty for 2024. But I don't know how to do it. On "Do you need to change anything else" page, I did not see any items fit to my case. I choose Other tax Situations. I still did not find anything fit to me. So, please advise me.
Thanks.
