deleunig
New Member

Retirement tax questions

I have a similar issue although my excess investment was $1200.00.  I am pretty sure that equates to a $72.00 penalty.  I have not yet pulled the money from the Roth Account and when I do can I then reinvest it in a Traditional account?  If I do what are the implications of that ?  Will it just be something That I need to report in 2021 return?