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Get your taxes done using TurboTax
When you say:
"Please make sure you enter the full excess contribution amount (without earnings or losses) as withdrawn by the due on the penalty screen during the IRA contribution interview."
Lets say (similar to original posters question) I accidentally contributed $6000 in 2022, married filing separate so i need to correct it, and withdrew $5550 in 2023 as there was a $450 loss.
I would enter 5550 in box 1?
When you say enter full excess contribution in IRA contribution interview, that means the "Federal > Deductions and Credits > Traditional and Roth IRA Contributions" section?
Thank you for all your help
March 28, 2023
7:58 PM