Oh this is a real bummer. Now that I've looked into this, we're over the amount that allows any Roth IRA input, for both 2022 and 2023.
I'm not sure how to proceed with this. We need to pull the money out of the Roth IRA account. Since neither of the deposits to the Roth IRA were ever reported to the IRS on our tax forms, do we need to tell them that we're pulling the funds out? Technically I'm sure we should; and I'm sure that somewhere the IRS has a report from our brokerage about the Roth IRA deposits. But will the IRS do anything about it if we just withdraw the funds? I would like to keep it simple on the paperwork side. Reporting for example the deposit for year 2023 when it was a mistake and must be undone, does it make sense to do that?
