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February 15, 2025
Question

Contributions Withdrawn Before the Due Date? Where did this information come from? I do not recall $1000 withdrawal. Where is this information from?

  • February 15, 2025
  • 1 reply
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    1 reply

    February 16, 2025

    Please be aware we cannot see your return. Can you please provide more details.

     

    Did you make any excess IRA contributions? If yes, then you have until the due date to remove the excess contribution plus earnings to avoid the 6% penalty. Please see IRS Tax on excess IRA contributions for more details.

     

     

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