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has anyone or anyone's client ever over contributed to IRAs,
ie opened two by mistake and contrubirted to both fully

and gotten notice fm the IRS?


I haven't had that exact situation. I've had clients get matching notices for deducting $6,000 when they only put in $5,000; and things like that. Those come from matching the 5498s, just like they match 1099s and 1098s; so I guess the same thing would happen.

Now in the situation you describe, you would only deduct $5,000 or $6,000 on the return, depending on the age. But one of the accounts would be subject to the 6% per year penalty tax on the excess contribution.

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