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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- This form is completed every year in which you have excess contributions and they have not been withdrawn.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.
Also keep in mind the date of replies, as tax law changes.
March 10, 2023
12:11 PM