dmertz
Level 15

Get your taxes done using TurboTax

1.  No.  Box 1 should contain $6,477.49.  The rest is correct.

 

2.   You are correct.

 

3.  To avoid TurboTax indicating an excess contribution penalty you must revisit the Roth IRA contribution section.  After entering the $6,000 Roth IRA contribution and TurboTax indicates that you have a $6,000 excess contribution you must enter $6,000 when asked for the amount of Contribution Withdrawn Before Due Date of your Return.  Doing so will cause TurboTax to treat the $6,000 as having never been contributed.