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Level 1
June 6, 2019
Question

Roth IRA excess contribution penalty

  • June 6, 2019
  • 1 reply
  • 11 views
If i want to pay the penalty is it deducted from my refund?

1 reply

Level 15
June 6, 2019

Yes, it will be included on line 59 of Form 1040 every year until the excess is resolved, reducing your refund.