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Get your taxes done using TurboTax
Thank you for the reply
For 2021, I did not withdraw the excess so I paid the extra 6pct tax.
for 2022, I am withdrawing the excess completely.
this is why I am getting prompted by TT software. It thinks I have excess but I am removing withdrawing it this year.
I understand I can carryover the excess and apply to this year 2022 but I don’t want to do that.
What I don’t know is how to resolve the errors that TT thinks I have. I want to put $0 excess because I know I am removing it from that Roth. 1099 has codes J and P to indicate excess and removing excess from prior year.
thank you again for your responses.
April 18, 2023
10:45 AM