dylantfwc
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I already withdrew $12,000 and requested the return of excess for the remaining $935 so I hope that's ok. Do I file two form 5329's? One for 2021 and one for 20...
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@fanfareOk I already did the request for excess contributions. Should I just have withdrew the entire balance instead and did a form for 2023 like you say. Or a...
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In addition to the above I request a withdrawal of excess contribution from Fidelity for the remaining monies over $12,000 which won't be penalized?@fanfare
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Ok so I file form 5329 for 2021 and pay 6% of $6,000. Then I file form 5329 for 2022 and pay 6% of $12,000 and that's it? No other paperwork required?@fanfare
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@fanfareSo I'd pay a 6% penalty on $6,000 and then 6% on $12,000? The fact that by year end 2021 the value was less than $6000 and by year end 2022 the value wa...
Activity Feed for dylantfwc
- Posted Re: Roth IRA Excess Contributions on Get your taxes done using TurboTax. December 21, 2023 9:29 AM
- Posted Re: Roth IRA Excess Contributions on Get your taxes done using TurboTax. December 20, 2023 12:31 PM
- Posted Re: Roth IRA Excess Contributions on Get your taxes done using TurboTax. December 20, 2023 10:40 AM
- Posted Re: Roth IRA Excess Contributions on Get your taxes done using TurboTax. December 20, 2023 10:34 AM
- Posted Re: Roth IRA Excess Contributions on Get your taxes done using TurboTax. December 19, 2023 7:46 AM
- Posted Re: Roth IRA Excess Contributions on Get your taxes done using TurboTax. December 18, 2023 9:06 AM
- Posted Re: Roth IRA Excess Contributions on Get your taxes done using TurboTax. December 18, 2023 8:41 AM
- Posted Roth IRA Excess Contributions on Get your taxes done using TurboTax. December 15, 2023 8:09 AM