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Retirement tax questions
You are correct, the contribution was for 2025.
I was planning on using the correction of excess contribution form provided by ROTH IRA custodian.
The follow up question is can I leave the earning ($562) in my Roth IRA as my Roth IRA contribution for 2025 as I am allowed to have up to $960 in my 2025 ROTH IRA, and remove the actual contribution ($2792) via the excess contribution form? If so, does this trigger a 1099-R?
4 weeks ago