I am currently filing my amended for 2023 and in the filing its show excess contribution of 240 and put it 6% penalty on the excess amount. Which is correct. In my 2024 current filing i wanted to remove the excess contribution of 2023. This what I done so far.
- I have reported the excess contribution of 2023 in 2024.
- In 2024 I had already contributed 7000 in roth IRA, but after putting all the details it tell Max is 6300, so I withdrawal the 700 put the excess earning and I have included that also in the current 2024
Question: What are options for me to remove the excess contribution of 2023 before filing 2024 please guide
