dmertz
Level 15

Deductions & credits

The calculation is the same as for excess IRA contributions and is described in 26 CFR § 1.408-11:
<a rel="nofollow" target="_blank" href="https://www.law.cornell.edu/cfr/text/26/1.408-11">https://www.law.cornell.edu/cfr/text/26/1.408-11</...>