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Get your taxes done using TurboTax
Thanks @dmertz ! I'm a little confused about the contribution though, since TurboTax's instructions seem to imply that, if I withdraw part of my contribution, then I should enter only the remaining amount (the "effective" contribution / what I should have contributed):
Here are the instructions on how to correct an excess Roth IRA contribution, taken from 2023 TurboTax online:
There are several options available for correcting excess contributions. ... The options available include:
...
2. Withdraw the excess (including any money you earned on it) before the filing deadline for your tax return. If you do this, you'll need to correct the amount you entered in TurboTax as your contribution.
Are you saying this instruction is wrong or am I misinterpreting it?
‎October 12, 2023
9:25 PM