if you contributed to a roth and traditional ira in the same tax year and your total contribution went over the allowable ira amount, irs regulations require you to remove the excess from the roth ira first. you may want to talk with a tax advisor about the best way to handle any ...
Roth IRA contributions have limits based on your income. Learn about the 2024 eligibility requirements and how to make the most of your Roth IRA.
took a distribution. removed an excess contribution. converted to a roth ira. recharacterized a contribution. completed a rollover into an ira. 5498 what it's used for to report your total annual ira contributions. why you might receive one you'll get a 5498 if you owned a retirement ...