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Excess contribution to ROTH IRA for 2022. What do I need to do now to avoid penalty? Withdraw vs Recharacteritzation?
What should I do now before filing my tax return for 2022?
I have contributed 7000$ in 2022 into Roth IRA.
Can you advise me what to do now to avoid tax penalty?
I invested in stock for the Roth IRA.
Do I have to sell the stock?
Can I change the Roth IRA to traditional IRA and not owing penalty?
Please help QUICK. Want to file my tax return by tomorrow 4/18
‎April 17, 2023
11:30 AM