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Subject:  Overcontribution to Roth IRA Date:  12/12/2018  8:15 AM
Author:  culcha Number:  128270 of 129584

I realized that I made an over contribution to my Roth IRA. Actually , I have two Roth IRAs and I forgot that I had already sent a $4770 contribution to one of them earlier in 2018. (I am eligible for a contribution of $6500.) I sent a second contribution of $3250 to the second Roth. I am aware that $6500 is the total combined contribution that I can make. So now I need to undo that to the tune of $1520. My questions: Does it matter which of the two Roth IRA accounts I take this money from -- or must it be from the very account that sent me over the limit? Does this have to be done by December 31? --or could be be done in early 2019, but before I file a tax return?

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