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Roth IRA over contribution

Loose Change

By Loose Change
in Money Management

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Loose Change

Loose Change

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I unfortunately over contributed to my Roth IRA this year. I'm planning on withdrawing the excess contribution before the tax deadline this year. I know that if you make money on the excess you end up paying tax on it. My question is that if you lose money on the excess contribution, can you claim that as a loss?


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