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Retirement tax questions
1) No, this will not change the discussed situation. You still can withdraw contributions you made to your Roth IRA anytime, tax- and penalty-free.
2) Yes, your excess contribution for 2020 in this example is $2,400. Please see Worksheet 2-2. Determining Your Reduced Roth IRA Contribution Limit page 42 for additional information.
3) Please see How do I amend my federal tax return for a prior year?
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March 15, 2023
5:22 AM