You won't file Form 5329 if you make the 2024 correction before April 15, 2025.
Ask the financial institution the amount of earnings attributed to the over contribution.
They can also tell you how much you over contributed, or TurboTax will calculate that as well.
To have TurboTax tell you the amount you over contributed, enter your contribution under
- Deductions & Credits
- Retirement and Investments
- Traditional and Roth IRA Contributions START
(the program CANNOT tell you the amount of earnings to withdraw, since the earnings are based on your account's investments)
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