jofijohnjoseph
Level 7
Level 7

Correcting the excess Roth IRA contribution for TY 2020 is straightforward; you simply recharacterize the contribution to a Traditional IRA and file an amended return to this effect.

The problem is the client made excess Roth contributions for every year from TY 2011 thru TY 2020.  And the recharacterization option is ONLY available for the TY 2020 contributions.

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