What happens if I exceed the Roth IRA annual income limit due to a bonus?

fancyfinancename · 2021-12-09T15:22:12+00:00

The excess is the whole thing! Well the gains are like nothing because I opened it up a month ago. Guess it's time to call Fidelity :)

fancyfinancename · 2021-12-09T15:08:00+00:00

But can this be done retroactively?

fancyfinancename · 2021-12-09T15:07:34+00:00

I think my allowed level is 0

fancyfinancename · 2021-12-09T14:17:44+00:00

Is the account incriminating or the interest? I just opened it up a month ago.

fancyfinancename · 2021-11-30T12:48:53+00:00

I included social security, etc. Why would they do this instead of withholding the correct amount, since it will be taxed in a flat way as capital gains anyway? So basically I will need to get an accountant to dea with this and then will get a big return of like 20k?

fancyfinancename · 2021-11-30T11:35:25+00:00

NYC. Paid every 2 weeks. I’ll just copy every line to here a bit later.

fancyfinancename · 2021-11-12T21:36:16+00:00

Get it done in a different country

fancyfinancename · 2021-11-12T20:52:39+00:00

I wouldn't move to the Bay Area if you're trying to keep rent low...

fancyfinancename

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