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Deductions & credits
I contributed $23050.00 (catch up over 65 yrs old) to my company 401k Roth and $7,000 to my individual Roth IRA. My income was $127K. Turbo tax says I have excessive contribution and need to remove the excess to avoid penalty. I don't know what to do. How much excess to I need to remove?
March 21, 2020
12:41 PM