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achung0315
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  • Re: Excess Roth IRA 2024 & 2025

    Calculating with the IRS calculation threw me off so I ended up using the lot cost to figure out exact gain - didn't need to take out 2025 yet as I will try to ...
    achung0315
    1
    Updated Mar 20, 2025

  • Re: Excess Roth IRA 2024 & 2025

    I made 2024 Contribution on 01/03/2024 and 2025 contribution on 01/02/2025 - both at the beginning of the year for the respective years.. Which is why it's gett...
    achung0315
    Updated Mar 20, 2025

  • Re: Excess Roth IRA 2024 & 2025

    Unfortunately JPM Chase does not calculate it for you so I have to do the gains calculation myself. I have contributed $7,000 for year 2024 and $7,000 for year ...
    achung0315
    2
    Updated Mar 20, 2025

  • Re: Excess Roth IRA 2024 & 2025

    Thank you for the explanation regarding form 5329. I think I get the jist of the situation.Now in order to calculate net gains, do I have use this form below?​N...
    achung0315
    4
    Updated Mar 20, 2025

  • Re: Excess Roth IRA 2024 & 2025

    Thank you for the detailed explanation. Not sure if this applies but I am not over 59 1/2, but there wouldn't be 10% penalty? Also I read there is a form 5329 I...
    achung0315
    9
    Updated Mar 20, 2025
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