MFJ couple with no other retirement accounts and both have W-2 income and 1 also has 1120S K-1.
Each contributed to Roth IRA (7000) because of age. Program is charging 6% each for excess contribution. Is this because of MAGI?
Best Answer Click here
See this link for your answer:
https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution-li...
View solution in original post
