Please complete all applicable sections of the form to avoid delays. In “Part 2: Type of Distribution,” you can select either:
Excess: To remove the excess contributions completely, indicate "Excess Contribution" as the withdrawal reason and fill in Part 2C.
Recharacterization: To recharacterize the contributions (move them to your traditional or Roth IRA), indicate “Recharacterization” as the withdrawal reason and fill in Part 2B.
Please note that right now, we’re unable to provide any tax advice at Ellevest. We recommend speaking with a tax professional about your specific situation, which option is best, and how to best fill out the form.