vcwu
Level 2

Retirement tax questions

In this case,  if the person is over 59  1 /2  when he   removed the excessive Roth contribution. Would the calculated Net Income still be considered as taxable income ?   I read somewhere that they  may consider that "income amount"   as distribution.    And if this is the case, it would be taxable (from Roth) and won't  change the AGI for the year.