Bill, thank you for the clarification on IRS use of carryover and rollover language. I will need to amend my 2023 tax return due to TT software error with form 5329 line 47. Line 47 inserted an excess contribution for year 2023 which I assume related to form 8889 line 2. This doubled the excess contribution from previous tax filling which went back to one year which was 5 years ago. This also doubled the 6% penalty. TurboTax fixed this software error with the release dated September 23 as you and I discussed. I have relied on TT software for years and never had an issue until this year. I should have checked and delayed my filling but was pressed for time and also followed IRS recommendations to file as soon as possible to avoid possible fraud from someone else filling under your name.
I will now need to amend my 2023 tax filling after the TT software September 23 correction. My 2023 tax filling was accepted by the IRS and completed. I have never had to amend my taxes and would appreciate your guidance in using TT to complete this task. Thank you again for helping in these matters.
