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I spotted one thing in pub590 that confused me. It said that excess contribution in a year could just be put against future years - page 57. It mentioned nothing about that needing them to be within the normal contribution period. It said nothing about needing to pay penalties or taxes or withdraw earnings w/ penalty, so long as your contributions for that year are then less than your max. Now there's probably a phrase somewhere else (I didn't read the whole pub), but where does it say I can't just contribute $9000 on Jan 1 of next year and consider it my 2006 and 2007 contributions? It seems to imply I could.

From Pub.590:
"A 6% excise tax applies to any excess contribution to a Roth IRA."

Good eyes, though. I didn't think it was possible at all to contribute more than the max. Would applying the excess to a later year negate the excise tax? Any tax people around?
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