DanaB27
Expert Alumni

Get your taxes done using TurboTax

It seems you need to correct your answer to the excess contribution question:

 

  1. Click on "Search" on the top right and type “IRA contributions”
  2. Click on “Jump to IRA contributions"
  3. Select “Roth IRA
  4. On the "Do you have any Excess Roth Contributions" answer "Yes"
  5. On the "Enter Excess Contributions" screen delete the entry since you did not have any excess Roth contribution from the prior years.
  6. On the penalty screen and enter the excess contribution amount withdrawn (ignore earning or losses for this entry).

 

No,  you do not need to have an entry on line 23 since you are requesting the return of the excess Roth contribution plus earnings by the due date.

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