Deductions & credits

Since it is past the time including extensions to file for the year of the contribution,

all you have to do is have the custodian take out NNN dollars from your Roth where NNN is the amount of your excess contribution (or your entire Roth, whichever is less). It is not taxable. The penalty stops when you file a 5329 showing the distribution on Line 20. 

 

@coolcarn1sam