Thanks for your help. One last question, when I pull the excess contribution this year 2020 to avoid another 6% penalty, do I also pay 10% on the entire amount ...
So you only have until the tax due date on the year the mistake was made to correct the Roth IRA over contribution. Every year after that you either pay the 6% ...
Thanks. I read something that said the earnings are taxable as income in the year the contribution excess was made. The excess contribution was made in 2018. I ...
