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Retirement tax questions
Still a little confused. I put in monthly contributions totaling $3,600 in 2021 into my Roth IRA not knowing that my adjusted gross income for 2021 would exceed the income limit (income was only $262 over). So, do I contact my Roth IRA fund manager, and withdraw this $3,600 contribution plus earnings? How will I show this was withdrawn in Turbo Tax Deluxe (and to the IRS) to avoid paying the 6% penalty? JEK66
‎February 13, 2022
1:06 PM