I had $189 deposited into one of my Roth accounts. In the activity report it just said "cash", no clue about where it was from. I messaged Fidelity and they said it was a credit card reward. But my Fidelity CC's both deposit into my checking account, not the Roth, and don't show anything close to $189 in rewards, and were working properly as of Dec 2. Hopefully Fidelity is still working on it.
But that puts me in somewhat of a bind. I have no earned income and I have no tIRA in my name. I'll probably have to fill out an "excess contribution" form and get Fidelity to officially remove the deposit, including any gains over the last few days, and get it done before the end of the year.
Fidelity suggested a recharacterization into a tIRA contribution, but I have no earned income. Or leave it in and pay penalties until I can make a contribution (not going to happen).
I was thinking maybe I could withdraw $189 from a tIRA and call it a Roth conversion. Although the deposit would occur before the withdrawal. Not sure anyone would care, but I have Roth converted all of my tIRA and have been working on DW's the past couple of years. Think that would have worked?
And the most extreme solution I came up with is to earn $189 somehow that would make the contribution valid. No way.
I'm still hoping Fidelity fixes their mistake. I'd hate to take it out of the Roth only to have Fidelity take it back from my taxable account. $189 Roth withdrawal for nothing. Not that it would be anything but an annoyance. But I hate to fill out forms.
Any other ideas for an easy fix?
But that puts me in somewhat of a bind. I have no earned income and I have no tIRA in my name. I'll probably have to fill out an "excess contribution" form and get Fidelity to officially remove the deposit, including any gains over the last few days, and get it done before the end of the year.
Fidelity suggested a recharacterization into a tIRA contribution, but I have no earned income. Or leave it in and pay penalties until I can make a contribution (not going to happen).
I was thinking maybe I could withdraw $189 from a tIRA and call it a Roth conversion. Although the deposit would occur before the withdrawal. Not sure anyone would care, but I have Roth converted all of my tIRA and have been working on DW's the past couple of years. Think that would have worked?
And the most extreme solution I came up with is to earn $189 somehow that would make the contribution valid. No way.
I'm still hoping Fidelity fixes their mistake. I'd hate to take it out of the Roth only to have Fidelity take it back from my taxable account. $189 Roth withdrawal for nothing. Not that it would be anything but an annoyance. But I hate to fill out forms.
Any other ideas for an easy fix?