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Retirement tax questions
The 2018 contribution was $2243. $133 was allowed and so I had an overcontribution of $2110. In 2018 I paid the 6% excise tax on the 5329. In 2019 I absorbed $450 paid the 6% again and so
now the overcontribution was reduced to $1660. In 2020
no contribution was allowed so I was hit with and paid 6%. I am now removing the excess contribution in 2021, I assume I only need to
remove the $1660
since portions of the original overcontribution were absorbed.
‎September 21, 2021
2:32 AM