Several other questions related to this.
[1] the 2022 contribution to the roth took place in Feb 2023. We are hoping that switching this to a TIRA will help us to avoid the 6% penalty. But if there is a 6% penalty, that's supposed to be for every year, and I think the date of the start of that year period would be date of the excess contribution. If they do penalize for the excess Roth despite the transfer to a TIRA will it then be for 12%? it's only 13 months.
[2] if it is a sure thing that they will penalize for the excess Roth for 2022 tax year, is there any reason to move that portion to a TIRA? Otherwise we might choose to just pull the money out.
[3] I guess the same would apply to the 2023 Roth excess contribution, which was also made in Feb 2023. I've not filed yet for 2023; will they assess a penalty of any kind if we move that to a TIRA before I file taxes?
