Tagged Questions

2
votes
2answers
97 views

What is the best option: conversion of excess contribution to traditional IRA; distribution, or leave for now?

I made a contribution to traditional IRA in '09. For various reasons, I did not receive some POD CD's of 2008 until now (2012). Now because of higher AGI for that year, figured on amended form, I have ...
6
votes
2answers
109 views

How can I correct over-contribution to an IRA?

I contributed $3000 to a traditional bank IRA and forgot about it. Later, I contributed an additional $6000 to an IRA annuity. So, I over contributed by $3000. How can I correct this error?
5
votes
2answers
343 views

How can I back out excess IRA contributions when my IRA has a zero balance?

I accidentally over contributed $25 to my traditional IRA last year giving a total non-deductible contribution of $5025. This was then converted along with all my traditional IRAs into Roth IRAs in ...
2
votes
1answer
270 views

What do I do with excess contribution to traditional IRA that was converted to a Roth IRA?

I accidentally over contributed $25 to my traditional IRA last year giving a total non-deductible contribution of $5025. This was then converted along with all my traditional IRAs into Roth IRAs in ...