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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indicates that you have a $6,000 excess contribution you must enter $6,000 when asked for the amount of Contribution Withdrawn Before Due Date of your Return.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.
‎September 7, 2022
9:58 AM