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Retirement tax questions
What more do you need to know? The $51 is an excess contribution and you need to ask the IRA custodian for a return of contribution before the due date (April 15) to avoid penalties. Be sure to ask for a "return of contribution plus earnings".
**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.**
‎February 23, 2021
7:56 PM