救救我弟，他没工作但是contributed to Roth IRA

理财
42

真是猴妹，猴哥不得严审小舅子的背景？

43

突然想起来收益还有10%罚金这回事，不知道猴弟挣的能不能比$7000的自雇税多 :troll:

44

对，收益部分要交tax和10% penalty。让券商withdraw excess contribution（而不是distribution）以后券商会寄税表的

1 个赞
45

我可以帮他发一张7000的1099-NEC if he is interested

1 个赞
46

Spousal IRAs

If you file a joint return, you may be able to contribute to an IRA even if you didn’t have taxable compensation as long as your spouse did.

1 个赞
48

是的zs

49

不要这样

50

Gemini said:

Understanding the Roth IRA Contribution Rules

If you contributed to a Roth IRA without having earned income, you may face penalties. This is because Roth IRA contributions are based on earned income.

What to Do Next:

  1. Contact Your Financial Institution:
  • Reach out to your financial institution as soon as possible.
  • Explain the situation and ask for guidance on how to correct the error.
  • They may be able to help you remove the excess contribution or adjust your tax return.
  1. File an Amended Tax Return:
  • If you’ve already filed your tax return, you’ll need to file an amended return (Form 1040X).
  • This will allow you to correct the error and potentially avoid penalties.
  1. Consider a Roth IRA Conversion:
  • If you have a traditional IRA, you might consider converting it to a Roth IRA. This could allow you to contribute to a Roth IRA, even if you don’t have earned income. However, you’ll need to pay taxes on the amount you convert.

It’s important to consult with a tax professional to determine the best course of action for your specific situation. They can provide tailored advice and help you navigate the complex tax rules.

:troll: :troll: :troll:

51

那个是猴弟？
欢迎欢迎！热烈欢迎！

52

猴哥你不是我们 呼救嫩吗？？

我记得年底一大堆开餐馆的需要免费送W2。 实在没办法就赌一把 :joy: 至少每年底我朋友圈都有不少，但是不保证今年还有啊？

（不过你弟年龄够去餐馆打工吗？）

53

Corrective distribution 取出来就好了，找fidelity