I live over seas and my income is below the foreign earned income exclusion of $95,000 meaning I don't have to claim my income when doing my taxes. However I foolishly contributed almost $4500 to a ROTH IRA that I started last summer. I later found out you can't contribute more to a ROTH than your adjusted gross income. Beings I have very little income (some low interest savings and checking accounts) in the USA I'm way over my limit.
I was told that I can avoid paying any fees or penalties if I withdraw the money before April 15th when taxes are due. Can I just simply sell the ROTH IRA funds and move them to a non tax sheltered account (I'm with Vanguard) or do I need to do something special so the IRS knows this with an over contribution withdraw?
Thanks!