Hello all! I would really love some advice about how to handle these errors that I made in 2020 and 2023 with my Roth IRA:
2020 - contributed $7,000 to Roth IRA; income was higher than expected; $2,029 is my reduced contribution limit; what to do now with the $4,971 excess?
2021 - contributed $7,000 to Roth IRA; income low enough to contribute (no problem)
2022 - no contribution to any IRAs; income low enough to contribute to Roth IRA
2023 - contributed $7,500 to Roth IRA; income was higher than expected; recharacterized to IRA by filing deadline but I must have clicked the wrong button because $8,467 was recharacterized to my IRA; what to do with the excess contribution to my IRA
2024 - contributed $4,628 to my IRA so far; income will be too high for Roth IRA
In all these years, neither my spouse nor myself has an employee sponsored retirement plan.
Many thanks for assistance on how to resolve these these errors!
