Rocket Dollar

Procedure not publicly documented. No dedicated excess-removal article found on rocketdollar.com or learn.rocketdollar.com. Contact Rocket Dollar support at 1 (855) 762-5383 to confirm. Last verified 2026-05-04.

Known quirks

1. 1Checkbook-control self-directed IRA structure — the IRA holds an LLC the user manages. Removing an excess that has been deployed into an LLC investment may require pulling cash out of the LLC first, then processing a custodian-level distribution.
2. 2No public documentation of NIA calculation responsibility. Default assumption for a self-directed checkbook custodian is the account holder calculates NIA.
3. 3Custodian-of-record (historically Solera) has changed; verify current custodian before submitting.
4. 4Asset valuation evidence required before distribution — build the paper trail before requesting.

Submission method

Phone — 1 (855) 762-5383, or via the user dashboard. No self-service excess-removal flow is documented publicly.

Process at Rocket Dollar

1. Confirm the contribution is in fact excess (limit lookup, MAGI check).
2. Compute NIA — verify with custodian whether they will compute.
3. Submit the Not publicly documented.
4. Allow processing time per the custodian's stated SLA (typically 3–10 business days).
5. Receive Form 1099-R (IRA) or 1099-SA (HSA) the following January with the applicable distribution code (8 / P for IRA current vs prior-year correction).
6. Report the earnings (NIA) as taxable income — in the year of the original contribution per IRC §408(d)(4).

Also relevant

• All custodian guides — index of every custodian we've verified.
• Run the NIA calculator — produce the earnings figure to bring to Rocket Dollar's form.
• Removal decision tree — confirm the corrective path before initiating.
• When to file — Apr 15 / Oct 15 windows that gate timely removal vs. the §4973 6% excise.
• What counts as excess — IRA cap, Roth MAGI phase-out, and combined-cap aggregation.