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Here's a link to a youtube video on removing a turbo. I used a 1/4" drive socket and a 1/4" universal joint and got it out. You can wrap tape around the universal joint to keep it from flopping around too much.
If the bolt head is stripped, I don't know what to tell you. Maybe somehow get back there with a die grinder and grind the bolt head off, then take what's left of the bolt out with vice-grips once the pedestal is off. I doubt it's stripped though.
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