I contributed the $6500 limit to a new IRA account before the 2023 deadline since I was hoping to get a deduction. While I was entering the $6500 max deduction in the software, I learned that I can't deduct more than my earned income. I made less that $6500, and the software says I'm being penalized for the excess. Can I just replace the entered amount with 0 (or leave it blank)? Or do I have to report IRA contributions?
