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dwelf311
New Member

I have excess Roth IRA contribution that I need to withdraw, but don't have time before April 15. Should I file now/amend later or should I file for an extension?

 
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1 Reply
sholtax3q
New Member

I have excess Roth IRA contribution that I need to withdraw, but don't have time before April 15. Should I file now/amend later or should I file for an extension?

You cannot use an extension to protect you from a penalty. You are advised to pay any penalties. Then use an extension to improve your financial position in general.

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