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Excess Roth IRA contribution
I contributed $7000 for my 2020 Roth IRA and learned in 2021 that my 2020 AGI was too high. I withdrew the $7000 plus earnings and was under the impression I would not have to pay a penalty if I did so before the tax filing deadline. Turbo Tax calculated that I owed the penalty. Is this so? Please advise and thank you.
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‎April 26, 2021
5:05 PM