fanfare
Level 15
Member profile
Retired taxpayer, forum participant. no connection with Intuit.
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"tell the custodian to process a removal of excess contributions."@Opus 17The custodian just told the owner that they would not do that.
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An excess contribution to an IRA converted to Roth IRA becomes an excess contribution to a Roth IRA.In the year of conversion, you would file Form 5329 Part III...
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Oops sorry. I posted to the wrong thread.
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[Removed]@curlytwotoes
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If you have an available $4,000 contribution unused in any of those years, you can resolve the issue there and then by applying that amount. See Form 5329.@jlia...
Activity Feed for fanfare
- Posted Re: Mistakenly Made Excess Contribution to IRA on After you file. Wednesday
- Posted Re: Mistakenly Made Excess Contribution to IRA on After you file. Tuesday
- Posted Re: Mistakenly Made Excess Contribution to IRA on After you file. Tuesday
- Posted Re: Mistakenly Made Excess Contribution to IRA on After you file. Tuesday
- Got Cheered for Re: Need Help Reporting Excess Roth IRA Contributions from Previous Years. Monday
- Got Cheered for Re: Need Help Reporting Excess Roth IRA Contributions from Previous Years. Monday
- Posted Re: Need Help Reporting Excess Roth IRA Contributions from Previous Years on Retirement tax questions. Monday
- Posted Re: Need Help Reporting Excess Roth IRA Contributions from Previous Years on Retirement tax questions. Monday
- Posted Re: Self select PIN on Get your taxes done using TurboTax. Monday
- Posted Re: I opened a form in Forms View. How do I save it to my return? on After you file. a week ago
- Posted Re: I got CP504 for the year 2024 to pay $25K, when I created my account with IRS I found that I owe $17K for 2023 and $20K for 2022. When I spoke to a Turbo rep. to resolve on Get your taxes done using TurboTax. a week ago
- Posted Re: Form 5329 on Get your taxes done using TurboTax. a week ago
- Got Cheered for Re: Mistakenly Made Excess Contribution to IRA. 2 weeks ago
- Posted Re: Mistakenly Made Excess Contribution to IRA on After you file. 2 weeks ago
- Posted Re: Why does TurboTax treat my 401(k) rollover as taxable unless I check the IRA/SEP/SIMPLE box? on Get your taxes done using TurboTax. 2 weeks ago
- Posted Re: If refund was applied to 2025 estimated taxes can it be changed? on Get your taxes done using TurboTax. 2 weeks ago
- Posted Re: Capital gains/losses from exchange of foreign currency account to USD. on Get your taxes done using TurboTax. 2 weeks ago
- Got Cheered for Re: Underpayment Penalty Avoidance. 2 weeks ago
- Posted Re: I withdraw money from my IRA. I entered the withdrawal info found on the 1099-R, but I am stuck on the "prior year Roth IRA contributions" Where do I find this info? on Retirement tax questions. 2 weeks ago
- Posted Re: Underpayment Penalty Avoidance on Get your taxes done using TurboTax. 2 weeks ago