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Retirement tax questions
@crazyRoth333 wrote:
Thank you again.
So, does that mean I have an excess contribution of 6k in 2019? Which means I'll have to file 5329 in 2019 and pay excess contribution penalty?
No. You had a 2019 excess, but you moved that excess to a Roth IRA and removed it before the deadline for 2019 so there is nothing to report on a 5239. (It was still a 2019 excess but now in a Roth).
**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.**
‎September 3, 2021
9:01 PM