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    #1

    Excess IRA contribution

    Taxpayer made an excess contribution of $500 to his IRA in 2008. He has already paid 6% penalty on the $500 excess contribution in 2008.

    But then he forgot to withdraw the $500 in 2009. So does he have to pay the 6% penalty again in 2009?
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    #2
    He sure does until it is withdrawn or applied to a different year. Did he max his contribution for 2009?

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