DanaB27
Expert Alumni

Get your taxes done using TurboTax

1. The excess from 2021 will be listed on Form 5329 line 18. 

2. The credit is the excess amount that will be absorbed in 2022 since you have contributed less than your allowed contribution amount for 2022.

 

Yes, you will add the new 2021 excess to the already entered amount (the total entry on the "Enter Excess contribution" screen should match line 24 of your 2021 Form 5329). 

 

Yes, if you send me a token then I can take a look at your return.

 

@sridharm

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