The context: 2023 and 2024 my wife and I filed married filling separately. We both contributed to individual Roth IRA's in those tax years. We lived together for those filling years. We were both over the income threshhold, We know this is considered excess contributions for those tax years. We did not report the contributions in those tax years.
The question: Do we have to do amended returns for those tax years? Or can we remedy these prior year excess contributions with the 2025 filing and remit the penalty on the 2025 return?
