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I maxed out my IRA contributions for 2020, only to learn that, because I made $246 over the earnings limit, those $7,000 in IRA contributions were not deductible. What can I do now to avoid double taxation when I withdraw those contributions?
I maxed out my IRA contributions for 2020, only to learn that, because I made $246 over the earnings limit, those $7,000 in IRA contributions were not deductible. What can I do now to avoid double taxation when I withdraw those contributions?
I maxed out my IRA contributions for 2020, only to learn that, because I made $246 over the earnings limit, those $7,000 in IRA contributions were not deductible. What can I do now to avoid double taxation when I withdraw those contributions?