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IRA contributions
I had excess contributions to my Roth IRA because I had very little earned income. I was going to withdraw $3,500 of the $7,000 I put in for 2019 out of my Mutual Fund but the company suggested I re- characterize the money into my traditional IRA. Playing with Turbo Tax seems to allow me to do that and avoid a penalty for excess contribution. What am I missing?
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‎February 21, 2020
6:54 AM