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Old 29.04.2018, 17:15
nirak nirak is offline
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withdrawing ineligible contributions to Roth IRA

Has anyone been through the process of removing ineligible contributions to their Roth IRA in the US? I contributed for a few years when I was abroad and had excluded 100% of my foreign earned income.

I know that I have to fill out form 5329 for all the years I made the ineligible contributions and withdraw my Roth contributions. I'm wondering where to expect penalties.
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