From@Mike9241 I thought he meant contribution is tax free and I only need to pay tax on earnings.From@dmertz Since excess is coming from employer contribution, ...
Thanks for your information.I was reading Schwab letter about $5k excess contribution and they mentioned they will issue 1099-R with tax code E (Distribution un...
Thanks for your information dmertz.My understanding from your post is that Roth IRA excess is non taxable and the easiest solution for my case is to request a c...
Thank you so much for your reply.I copied and pasted both articles for your reference. I believe both of them are talking about IRA only (not 401k)https://www08...
I read some articles if we do not take action to withdraw excess after 10/15 in the following year, when we remove the excess later, the excess will be consider...
