Dkg1
Returning Member

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?