
EP 40 - Fixing an Excess Roth Contribution
Directed IRA Podcast
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How to Fix an Over Contribution
If you had 200 thousand married ji filing joint, you can only put in 36 hundred box. So if you put in a full six thousand, you have over contributed 24 hundred. Same thing reduces down 600 box, from six thousand to 54 hundred. Step three is figure out how much money did you make on that over contribution during that period? Back to the ma. You want to try or can ii liht your example? Let me say yor examle take my example. O.K. Option one is just, no, just kick the whole thing back out. I did it wrong. Well, i'm just, look, you're geting ahad of yourself.
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