Turbo Tax said my excess was $2000 when I filed last month and I already removed the excess + earnings and submitted my return.
My question is would it be okay just to close the account instead of dealing with the MAGI going up and that calculated excess removed not being enough. I rather pay the 10% penalty on the measly few hundred earnings than have to amend another tax return to show I removed the excess caused by another excess on the same tax year.
