@DanaB27
Hi Dana,
Okay. I had to call Fidelity to triple check what's going on. So please let me rephrase
2019: $3000 to Traditional
2020
1. Converted $3004 to Roth from Traditional
2. Contributed $6000 to Roth (
December 28th, 2020 )
Jan 25, 2021
Contributed $6000 to Roth
I mailed 2020 Amed for the $3004 in May 2021, but I never heard back from IRS.
2022
January. I got notified by IRS that I had to file a return of excess for both 2020 and 2021 or I would get penalized
so I took out $3290 for 2020 (J) and $3591 for 2021 (PJ)
$3290 is penalized for 6% as I didn't get the money out fast enough
So now, I am still very confused how I should input in the TurboTax 1099-R section
I have contributed total of $3004+6000+6000 = $15004, so I should put $15004 for the Roth IRA contirbution prior to 2022, correct?
Then I converted $3004 from Traditional to Roth IRA,
2020 Taxable conversation should be $4
2020 Non Taxable conversation less withdraws would be $3000
is that right?
My total excess contributions are $6881($3290+$3591)
