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excess Roth IRA contributions
i think i am in a pickle. My wife and I contributed $7K each to a roth IRA for 2021 tax season. We also contributed $14K each to a roth ira for 2022 tax season. I have already filed my 2021 return and did not report the contribution in TT. I have yet to submit my 2022 tax return. I just learned that our MAGI for both 2021 and 2022 tax seasons exceeded the allowed threshold. what do I need to do to fix this situation?
March 28, 2023
1:16 PM