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Excess Roth IRA Contributions
Hi,
I have contributed 7000$ in 2024 towards year 2024 to Roth IRA. In January 2025 I have contributed another 7000 towards year 2025. Now I got to know that I can not contribute to Roth IRA due to Income limits, so I removed all 14000$ as excess contribution in March 2025. Now I will receive form 1099-R in 2026 so how should I report this to IRS for year 2024?
Topics:
March 18, 2025
1:24 PM