Solved
I receive $2000 per year This year I made a $400 contribution in error. My RMD is $963.93. Why do I have a 6% penalty on $400 if I am taking $1036.07 more than required?
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From an excess contribution to be resolved before the due date of your tax return to avoid an excess-contribution penalty, you must obtain a "return of excess contribution," not a regular distribution. Contact the account custodian about obtaining the return of the $400 excess contribution.
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