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After you file
Hello again.
I had Roth IRA excess contributions in 2014 and 2015. I caught the mistake and withdrew the excess amount in 2020.
I know I have to file form 5329 for years 2014, 2015, 2016, 2017, 2018, 2019 and pay the 6% penalty for each of these years. The 5329 form for 2020 will show a withdrawal of the excess amount and I will not have to pay the 6% penalty for 2020 (I withdrew the amount in Dec 2020).
Question - Should I send all the past year's (and current) 5329 forms in with my 2020 tax return? Or do I need to file the past years separate from my 2020 tax return?
March 3, 2021
1:42 PM