@C321 wrote:
Thank you so much for your help! Just to be clear, when you state remove the 'excess' only and not the earnings, you mean the original contribution? And when you say remove them, do I sell them (convert to cash) and then remove from the account completely? Thanks again!
I mean get a distribution from the IRA of the amount of the contribution that was in excess. And yes it must be completely removed from the IRA.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
