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Excess Roth IRA Contribution in 2020
I made an excess Roth IRA contribution in 2020. In early 2021 I was able to remove $6,800 + interest prior to the tax deadline. I received my 1099-R in 2022 and now find I should have removed the remaining $200 as I still have an overage showing on my 2020 amended return due to the interest on the $6,800. It is now March 2022. I have already maxed my Roth IRA contribution for 2021 and I am unable to contribute in 2022 because I retired. Any ideas as to how to resolve the issue of the $200 overage for 2020 would be most appreciated. Thanks!
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March 10, 2022
12:59 PM