Hi DanaB,
I think due to minor correction the final 2021 amendment return that was filed reflects $2080 for self and $1950 for my wife on Form 5329.
Now in the "Enter Excess Contributions" screen for Year2022 only for my self by default it shows as below.
How Much Excess to 2022?
Indicate how much of SRIDHAR's remaining excess contribution of $71 you want to credit toward SRIDHAR's 2022 Roth IRA contributions.
Excess to Credit to 2022 Roth IRA Contributions 71.
So should I change the amount to 71+2080 = 2151.
On my wife's screen How Much Excess to 2022?
How Much Excess to 2022?
Excess to Credit to 2022 Roth IRA Contributions 1950.
If I proceed with the above in the end it is asking to review the IRA Contributions worksheet
Check This Entry
IRA Contributions Worksheet 2022: Line 26 - Spouse's excess Roth IRA contribution credit should not be more than zero.
Line 26 - Spouse 150
Check This Entry - Self
IRA Contributions Worksheet 2022: Line 26 - Taxpayer's excess Roth IRA contribution credit should be equal to $71.00,the Roth
IRA contribution credit from Form 5329, Part IV.
Line 26 - Taxpayer 231
Could you please guide me further on this. Thank you for your support.
Regards,
Sri
