BillM223
Expert Alumni

After you file

The 6% IS the rollover option. Form 5329 will be completed, the 6% excise tax will be assessed there, and the excess will be carried over to 2023. In both cases (withdraw now or rollover) the excess amount will be added to income on the 2022 return if you made the contributions though your employer, so you do not have to do that manually.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"