You put 5000 opened an roth IRA in tax year 2001 the IRS told you i was only suppose to open with only 2000?

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1282835

2026-07-22 13:50

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You would have to do an excess removal for the $3000 overage. The excess removal would now be treated as a distribution since it's after the deadline for the remove (would of had until Oct. 15 2002 to removal as an excess.

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