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Get your taxes done using TurboTax
Thank you Dana for the detailed reply. FYI: I was eligible for full contribution of $6000 for year 2020. I want to confirm the responses with you to remove any doubt.
1. $0 (since I removed the excess contribution of 2023 in year 2023 and received a 1099R)
2. yes (because I withdrew from Roth IRA in 2022 to remove excess contributions of 2021)
3. $12000 (for year 2020 and 2021 and I am counting the total contribution of 2021 because I did the correction for tax year 2021 after filing deadline)
4. $2400 ( I contributed in excess of $2400 for tax year 2021 and removed in 2022 but still enter this because of correction after deadline)
5. $0 (because I removed the 2023 contribution in year 2023 and received 1099R so this does not count)
@DanaB27Please reply yes for confirmation or correct me if I have something wrong. Thank you.