Early in 2000, my husband and I contributed $4000 to our Roth Ira's.Later in the year, unexpected earnings placed our AGI in the phase outrange for these funds. I am currently using Kiplinger TaxCut software toprepare our taxes. The information in this program says that we are onlyallowed a portion of our contribution to the Roth and applies a small"fine" related to the excess contribution. If we pay this fine with outincome tax as the program implies, does this mean that we can leave thecontribution in our Roth account?Thank you for your help.
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