When I undid my excess Roth contribution, the custodian (Vanguard) did the actual calculation of the amount to be returned -- my excess contribution and the amount that was earned by it.I first explained my problem on the phone, then they did the calculation and returned the amount to me. At (next year's) tax tame, I got a form showing my income on the basis of this excess contribution.I didn't have to do any calculations or file any extra paperwork. (Well, now that I think about it, there was probably a form from Vanguard where I wrote the dollar amount of my excess contribution.) But they took care of everything. For me, it was painless.If it's in nay way a problem for you, then my guess is that you're making it into more of a big deal than it has to be. The custodian should take care of everything. --SirTas
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