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Don't deserve "Additional tax on IRAs and similar accounts"
My tax summary indicates "Additional tax on IRAs and similar accounts" of $462 but I can't tell why.
Can it be related to the excess contributions to my traditional IRA and Roth I mistakenly made? I contacted my broker immediately, who indicated they couldn't block the transfer, and advised me to file a disbursement for each, which I did. This is represented on the forms so far.
March 22, 2025
5:43 PM