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I completed my tax returns on 04/24/21. I got a message saying I had a penalty due to excess Roth IRA contribution. This is inaccurate and needs to be corrected. How?
I didn't overcontribute, the confusion is due to a CONVERSION from a different retirement account. I did not exceed the limit. I spoke to my financial advisor about this. The taxes have already been filed and I've received my refunds, but I do not want the penalty obviously. How can I correct this?
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May 20, 2021
10:26 AM