Hi @DavidS127 @dmertz
One question regarding past years' Excess Roth.
I have excess Roth for following years which I have removed before filing taxes for 2019:
2014 - 1100
2015 - 1200
2016 - 1200
2017 - 1200
2018 - 1200
For 2017 and 2018 - I'll file amended returns and pay fine for excess roth by filling 5329 for those 2 years
However, for 2014-16, I have 2 options:
Option a) I cant file an amendment now for those years. I read somewhere that I could file 5329 on its own for past years (since I cant now file amendment for those years). Is this possible? If so, how to go about it?
Option b) I was told not to worry about a few 100$ in fine and not poke the bear. IRS is not going to come back and ask for it since the statute of audit is past and they are not going to come for $100 for 3 years, not now and not down the line. So, basically, not do anything for the 2014-2016 years.
Can you please share your guidance on which option to pick OR if there are any other options for me, do share!
Thanks
