Thanks for the reply.
So, if I understand correctly, one cannot withdraw excess contributions in prior years (not current tax year) without incurring 20% early penalty if under the age 65 and assuming there were no medical related distributions. Is that right?
But the original response from "TurboTaxBillMc" says carry forwarded amount can be withdrawn as excess contribution for year 2017 before tax deadline tomorrow so I'm little confused.
Or is it because I used some of the carry forwarded amount towards the contribution this year, I cannot term the excess amount ($366) as excess contribution for year 2017 and withdraw it. If that is the case, shall I NOT use the carry forward amount towards contribution this year and withdraw the full $1500 as excess contribution before tomorrow to avoid paying the 6% penalty for year 2017.
