No. If you are age 70 1/2 you cannot make any Traditional IRA contributions at all. The excess contribution must be removed separate from any RMD. You should tell the IRA custodian that it is a return of excess contribution so they will issue a 1099-R with the proper code in box 7.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
