Friday, February 19, 2010

Roth Ira Diagram Is An Excess Roth IRA Contribution Taxable When Withdrawing It After The Tax Filing Deadline With Extension?

Is an excess Roth IRA contribution taxable when withdrawing it after the tax filing deadline with extension? - roth ira diagram

I contributed $ 6,000 to a Roth IRA in 2006, resulting in a surplus of $ 2000. Well, after the deadline for the submission tax with the extension. I know it is a penalty of 6% excise tax already. My question is: Are there any tax if I start from $ 2000? And the rapid distribution would apply penalty of 10%, because I'm under 59 1 / 2?

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