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Accidental excess contribution with a Backdoor Roth conversion
I accidently contributed a non-deductible amount of $7,000 to a traditional IRA ($500 more than I should have) and did a backdoor Roth conversion on the whole amount. This all happened in $500 increments throughout 2023.
If I take that $500 out as an excess contribution, what do I need to do with TurboTax? The route I tried ended up with me paying income tax on the excess.
‎February 26, 2024
1:19 PM