If your excess contribution was $111 and you did not include it in your deduction (you told TurboTax you would withdraw it by the due date and did so) and there were no earnings, you don't need to amend it.
How to treat withdrawn contributions.
Don’t include in your gross income an excess contribution that you withdraw from your traditional IRA before your tax return is due if both of the following conditions are met.
- No deduction was allowed for the excess contribution.
- You withdraw the interest or other income earned on the excess contribution.
How to treat withdrawn interest or other income.
You must include in your gross income the interest or other income that was earned on the excess contribution. Report it on your return for the year in which the excess contribution was made. Your withdrawal of interest or other income may be subject to an additional 10% tax on early distributions.
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