My MAGI is above the income limit for 2022. I contributed the full $6,000 in January of 2022, so I submitted an excess of contributions withdrawal calculation with my custodian (Fidelity) in February 2023. I determined that my reduced limit was $5,598. After their calculation based on earnings/losses, $342.60 was withdrawn in February 2023, below the $402 that I was "supposed to be withdrawing".
I looked at some other posts on TurboTax and read all the FAQs I found. I know that I won't get my true 1099-R until January 2024; the TurboTax FAQ instructed me to fill out a "dummy" 1099-R for the 2022 return. I put $342.60 in box 1, along with codes P and J in box 7, saying that this was for the year of 2023. I also said that I contributed $6,000 and added that I removed $343 before the filing deadline in April 2023.
TurboTax is still adding a Form 5329 to my taxes to file when I won't owe any 6% penalty. It's a very small amount ($3), but I'd just rather it be correct. What can I do so that TurboTax won't add Form 5329 and indicate that I owe the extra tax?
Thanks!
