I feel like I've made a huge mistake! Is there anything I can do?
I misunderstood the tax implications and rolled my ESOP to a Roth IRA.
Since the tax year is not closed, is there anything I could do to move the money somewhere else so I dint have to pay tax on it? The amount was over the contribution limit so my tax software is saying I'll pay a penalty on that as well. I feel like I'm lost in the woods for sure with this situation. Any insight is greatly appreciated!
Submitted February 20, 2021 at 07:47PM by gbfrazie https://ift.tt/2NpnykG
