Author Topic: Re-characterization & Excess Contributions  (Read 1081 times)


  • 5 O'Clock Shadow
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Re-characterization & Excess Contributions
« on: March 11, 2016, 07:16:29 PM »
Hey Guys!

First time posting here! I have a few questions regarding my IRA's. I made an excess contribution for 2015. As long as I take out the excess plus earnings before April 15th, will I be okay? In addition, I forgot to add a re-characterization from a ROTH IRA to a traditional IRA in my 2015 tax returns. What are the steps to fix this.

P.S. I had an earnings loss during this re-characterization if that matters.