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Roth IRA contribution exceed with lower AGI?
I contributed $7000 to my Roth IRA for yr 2020 with single filling over age 50.
Since I contributed 90% of my income into my 401k and 457 retirement account this year, when I filling return online the system warned me that my adjusted gross income is lower than 7000, I need to withdraw the exceed amount out of my Roth IRA account.
I called my URS retirement, they told me I did not exceed the maximum requirement of $7000, so I do not need to withdraw....suggest me to talk with a real person instead of following the system warning...
Never meet this issue before and people also hardly to see my situation: lower AGI with full contribution of Roth IRA, It would be highly appreciated if can help me figure this out.
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March 15, 2021
6:10 PM