About taxruler

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Re: Too Much contributed to Roth even before Interest?

I think you're missing and forgetting stuff, so I just wish to try once more:1) The excess happened in 2022, fixed by the broker in 2023 before I filed for 2022...

taxruler

Updated Mar 04, 2025
Re: Too Much contributed to Roth even before Interest?

I just searched the 2022 return, and I do see 6500 as the "other income" which results in AGI of 6110, and regular Roth contribution of 6k. Does that make sense...

taxruler

2

Updated Mar 04, 2025
Re: Too Much contributed to Roth even before Interest?

Thanks for the useful info.The broker (who controls the Roth and whom I called when Turbotax warned me about the excess for 2022) when calculating the excess to...

taxruler

4

Updated Mar 04, 2025
Re: Too Much contributed to Roth even before Interest?

A couple years ago, I reported adjusted gross income of 6,110, with EIC of 461, yet it let me contribute 6000 to the Roth. I took SALT n had no other income exc...

taxruler

6

Updated Mar 04, 2025
Re: If you took out an excess contribution to a Roth

Excellent info.I think I lost my 2023 tax year return but I'm very confident that there was no mention of any IRA penalty.On the 2022 tax year PDF, I searched "...

taxruler

1

Updated Mar 02, 2025

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Date Registered	‎February 28, 2025 7:13 AM
Date Last Visited	‎April 2, 2025 1:12 AM
Total Messages Posted	11

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