Yes, if you are allowed to make Roth IRA contributions for 2025 you will just follow the steps below next year on your 2025 return and TurboTax will fill out Form 5329 to show the excess was resolved in 2025:
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select “Roth IRA”
- On the "Do you have any Excess Roth Contributions" answer "Yes"
- On the "Enter Excess Contributions" screen enter the total excess contribution from 2024 (if it wasn't carried over).
- On the "How Much Excess to 2025?" screen enter the excess contribution amount.
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