@orbtu wrote:
Thanks macuser_22 for your quick reply. I edited my earlier question to include another question. Could you please review and reply about the 2017 excess contribution? Thank you again!
When was the 2017 excess removed?
You would need to file a 2017 & 2018 5329 form showing the excess and pay the 6% penalty for each year. If removes in 2019 then there would not be a 2019 penalty unless it was still there at the end of 2019 then you need to pay the 2019 penalty also.
**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.**
