DanaB27
Expert Alumni

Get your taxes done using TurboTax

The only way to trigger the 6% penalty calculation in TurboTax in your situation is to enter a $500 Roth IRA contribution but then this would look like you made a $500 excess contribution to the Roth IRA in addition to the $500 excess traditional IRA contribution. It might be best to request the withdrawal of excess contribution in the Roth IRA plus earnings and then just make a new contribution.

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