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Get your taxes done using TurboTax
Since you have already withdrawn the excess contribution there should be no penalty and the excess does not carry forward. You would enter the amount you contributed and as you proceed through the entry, TurboTax will indicate that you have excess contributions and will ask if you plan on withdrawing this before the due date of the return (April 15th).
To enter your Roth IRA contribution:
- On the left side of your screen, click Federal.
- At the top of your screen choose Deductions and Credits.
- Scroll down to Retirement and Investments.
- Click Start on Traditional and Roth IRA Contributions.
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‎February 20, 2023
5:53 AM