RNTAX2025
Returning Member

Retirement tax questions

Hello, I have requested the excess contribution from Fidelity. This would $950 from Roth IRA and $950 from the Rollover IRA, correct? It would be okay to file my taxes now or I have to wait until I get the taxes amount on the earnings?  As soon as I removed the excess contribution amounts, the 6% penalty is gone. I am not sure how to report the earnings. There is not much since the amount sat in a cash amount. Please let me know. Thank you.