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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.
‎January 25, 2021
9:27 AM