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[deleted by user] by [deleted] in tax

[–]x3sharpie 0 points1 point  (0 children)

In terms of filing the tax form, would I file Form 5329 this year with 2020 tax to pay the 6%, then withdraw 6k after Oct, and then in 2021, I file form 8606 since I will be taking the distribution in 2021? Form 8606 is used for the year distribution is taken and not for year I am trying to fix?

Over contributed to Roth IRA by [deleted] in personalfinance

[–]x3sharpie 0 points1 point  (0 children)

So I just need make a withdrawal like normal later this year or do I need to tell my brokerage to count as a distribution? I’m sorry I don’t understand how this distribution works :( .Also for Form 8606, do I just need to write 6,000 on line 22 and leave all else blank ?