@Marty20 wrote:
Thank you for your response. According to Turbo Tax, the new deadline for requesting/receiving the excess contribution is July 15, 2020.
Please point me to where it says that. The date to file a tax return was changed to July 15, but I have not seen anything in the tax law or IRS regulations that changed the date that the excess must be removed by. Removing an excess contribution is not the same as filing a tax return.
For information see IRS Pub 525 page 10
https://www.irs.gov/pub/irs-pdf/p525.pdf
the excess after the year of the deferral and you receive the corrective distribution by April 15 of the following year,
In any event, it not possible to get "money back" from an account that no longer exists.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
