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Are you filing Married Filing Separately? The $10K limit only applied to MFS.
The solution is:
1) File a joint return with your spouse if possible.
2) Request a "return of excess contribution" but the July 15 due date from the IRA trustee to avoid a penalty.
See:
https://www.irs.gov/retirement-plans/roth-iras
Are you filing Married Filing Separately? The $10K limit only applied to MFS.
The solution is:
1) File a joint return with your spouse if possible.
2) Request a "return of excess contribution" but the July 15 due date from the IRA trustee to avoid a penalty.
See:
https://www.irs.gov/retirement-plans/roth-iras
or
3) Ask the IRA custodian to recharacterize the Roth IRA contribution to be a traditional IRA contribution instead, which may or may not be deductible depending on whether you or your spouse is an active participant in a workplace retirement plan.
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