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TAX版 - excess Roth IRA contribution. Need help! Thanks a lot.
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话题: roth话题: ira话题: 4084话题: excess
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P*****a
发帖数: 629
1
in 2011, I made a $5000 Roth IRA contribution.
Now, I am preparing my 2011 tax. realize most of my salary was paid by a
fellowship and not shown in W-2. On my W-2 there is only $4084. So my Roth
contribution is limited to $4084.
Please help me with some instruction to reduce my Roth excess contribution.
1. Should i jus simply withdraw some money like $2000? $1500?
2. Should i calculate exactly $5000-4084=$916. and also the money gain from
it? How to calculate this, any formula?
Thank a lot.
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话题: roth话题: ira话题: 4084话题: excess