Last year in 2024 I was a full time student and not worked only made $4,800 but contributed the full $7,000. Is there any way to remove the $2,200 without paying taxes on it? I did submit a removal of excess contribution form to Primerica back in April but they sent me a letter saying they couldn’t process it. I called the customer service line to process a resubmission and still they aren’t able to process the request as it is closed. Do I just take a regular distribution and receive a 1099r for early distribution and pay the penalties next year? If I do the distribution I will put it back and contribute it for this year 2025.
Note: I did file a tax return extension back in March so taxes haven’t been filed yet.
