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Get your taxes done using TurboTax
So I owe penalty for $6000 excess contribution in2019 but no penalty for the early distribution ( $5871) that I made in 2020, which was actually excess removal of 2019 contribution. Correct?
Does it matter that distribution is $5871 instead of $6000 as there is still excess of $129?
March 16, 2021
2:51 PM