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I am starting a Roth IRA account with my stock broker. In order to buy stock, they charge me a fee for each trade. So, to buy 4 stocks worth $2000 it will cost me $40, which means I have to fund my account with $2040, which puts me over the contribution limit.

(This is an example, so I am ignoring the fact that one doesn't actually buy stock in round numbers. I realize I will be purchasing slightly less than $2000, however I want to get as close as I can w/o going over and be penalized.)

1) Does this put me over the contribution limit or are the cost of funding the account excluded?
2) If they are included, I understand I have until I file my taxes to withdraw the excess w/o penalty. Is this correct?

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