Business & farm

A couple of comments:

  • You need to get in contact with your service provider; who ever is handling your Roth IRA funds.
  • You should have completed form 5329 with your 2021 tax return to compute the penalty.  So if this form was not included, you need to amend the 2021 return.
  • This form is completed every year in which you have excess contributions and they have not been withdrawn.
  • You need to address this ASAP.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.