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Retirement tax questions
It is past the Tax Day for 2024 plus extensions .
Since you marked the contribution for 2024, you will have a penalty of 6% and you amend 2024.
You will have another penalty for 2025 unless you complete and execute the "distribution" form for the amount of excess - $8,000 - by 12/31/2025.
Your 2025 Fomr 5329 will show the resolution.
‎December 9, 2025
9:14 AM
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