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Author: jab75 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Re: ROTH IRA MISTAKE Date: 2/5/2000 12:03 AM
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It looks like the remaining part of my messege didn't go through, so I hope this one does.
First, I am filing Single and yes I meet the AGI requirements.
Second, this contribution is for 1999 and this is my first time investing.
Let me recap: I funded my account with a $2,100 check because I mistakenly thought that I did not need to include the commissions to the total funding of $2,000.
So I was basically over funded because of the commissions. I then sold, but once again I did not take into account the commissions fee. So currently my total cash spent for the account is $2,011 with $89 cash available.
And I recently read on this board that there is a 6% tax on the excess contribution. Do I need to sell, and this time include the commission, to get below $2,000?
And thank you for your time, I guess some people learn the hard way (by making mistakes).
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