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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.
March 17, 2025
2:40 PM