dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Deductions & credits

"... as long as the Roth contribution is withdrawn within 6 months of making the contribution along with any earnings, there no penalty or excess contributions to track.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."

 

That's incorrect.  The deadline has nothing to do with the date that the IRA contribution for 2023 was made.  As long as by April 15, 2024 you filed your 2023 tax return or requested a filing extension, you have until October 15, 2024 to recharacterize or obtain a return of the IRA contribution, otherwise recharacterization or return of the contribution is not permitted.  As long as these deadlines are met, you are permitted to obtain a return of the traditional IRA a contribution made for 2023 regardless of whether the traditional IRA contribution is an excess contribution (which, in this case, it is not).

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