You should be able to check the status of your amended return here: Where's My Amended Return?
No, you will enter $6,000 for net contributions prior to 2022 (assuming you didn’t make any other direct Roth IRA contributions). The contribution for 2021 does not count because you removed it before the extended due date.
Yes, under conversion you will enter:
- 2020 Taxable conversation $4
- 2020 Non Taxable conversation less withdraws $3,000
Yes, you will have to pay the 6% penalty for the 2020 excess on your 2020 and 2021 returns. The 2020 excess will be removed from your 2022 tax return when you enter Form 1099-R with code J.
The 2022 Form 1099-R code PJ will be entered on your 2021 tax return. If you didn't do this when you filed your 2021 tax return then you will need to amend your 2021 tax return. Only the earnings listed in box 2a will be taxable and subject to the 10% early withdrawal penalty if you are under 59 1/2.
On the 2021 return, you will also enter the excess 2021 contribution amount as removed by the due date on the penalty screen. TurboTax will only calculate the 6% penalty on the 2020 excess contribution.
- Click "Deductions & Credits" (under Federal) on the left
- Scroll down and click "Show more" next to "Retirement and Investments"
- Scroll down and click "Start/Edit" next to "Traditional and Roth IRA Contributions"
- Select “Roth IRA”
- Enter the Roth IRA contribution for 2021
- On the "Do you have any Excess Roth Contributions" answer "Yes"
- On the "Enter Excess Contributions" screen enter the total excess contribution from 2020.
- Continue until the penalty screen and enter the excess 2021 contribution amount withdrawn (ignore earnings and losses here).
@ChiMing
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