My situation is very similar to this post, but not exactly the same.
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/unwanted-traditional-ira-contrib...
There was a mistake that was not caught until after filing that raised my AGI, making my ROTH deduction ineligible but the Traditional IRA contribution for my wife still eligible (per an extended phone conversation with the IRS).
Per the IRS Agent as long as the Roth contribution is withdrawn within 6 months of making the contribution along with any earnings, there no penalty or excess contributions to track. The Roth withdrawal has been requested and is in the works.
Doing the amended return in TurboTax I see my the contribution to the Traditional IRA for my wife is allowed but has become Non Deductible.
That does me no good, we're facing RMD's in a couple of years and If I can't get the tax break now, I'd rather not add to the RMD tax burden.
So the question is for 2023 in preparation for the amended return, is it OK to request the investment company to remove the Traditional IRA contribution (a change of mind).
If it is, is there a an allowed time to get it done (knowing the Roth removal was required within 6 months)?
Thanks in Advance! (always good to learn something new).
