Willi need to file an amended return if filing form 5329 for excess Roth contributions for 2023 and 2024?

dinah14 — Thu, 25 Dec 2025 12:00:24 GMT

Re: Willi need to file an amended return if filing form 5329 for excess Roth contributions for 2023 and 2024?

fanfare — Thu, 25 Dec 2025 14:43:39 GMT

It is past the due date for those years including extensions.

after tax due date including extensions: you distribute the excess amount being carried forward on 5329,
(or offset it with currently allowed contribution) .
Amended return(s) will be needed supplying that Form 5329 since there is a 6% penalty per year on accreting excess contributions .
Earnings stay in the account.

Consult your custodian to obtain the correct removal form for this case.
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If you already filed you have to attach the new or changed forms to 1040-X
Get forms for the years you are amending at IRS.gov
1040-X is now a forever form.

Include your penalty here :
Form 5329
Schedule 2 Line 8
Form 1040-X Line 10

Do not include your old 1040 nor your revised 1040 because the Form 1040-X reflects any changes there and becomes your new tax return.

@dinah14

topic Willi need to file an amended return if filing form 5329 for excess Roth contributions for 2023 and 2024? in Retirement tax questions

Willi need to file an amended return if filing form 5329 for excess Roth contributions for 2023 and 2024?

Re: Willi need to file an amended return if filing form 5329 for excess Roth contributions for 2023 and 2024?