Question: Beth, 5 3 , made a 7 5 0 0 contribution to Roth IRA in February, 2 0 2 4 . The contribution was for

Beth, 53, made a 7500 contribution to Roth IRA in February, 2024. The contribution was for Tax Year 2023. March, 2024, the tax pro found her MAGI to be 175000. What is the appropriate action now?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!