AnnetteB6
Expert Alumni

Get your taxes done using TurboTax

You should report the contribution in TurboTax because you will be given the options onscreen for what you intend to do to correct the excess contribution.  Once you have indicated that you will remove the excess before the due date of your return, there will not be any 6% penalty imposed.  

 

See the following TurboTax help article to learn more:

 

What happens if I made an excess Roth IRA contribution because my modified adjusted gross income is ...
 

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