- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Not exactly - I made the contributions to the Roth IRA in error as I did not know about the MAGI limit which I exceeded. Therefore I withdrew the funds from the Roth IRA and have talked with the clearing company to try to get it designated appropriately as an overcontribution for the full amount and the withdrawal as a correction of this overcontribution.
I initially received a 1099-R from them just specifying that my full withdrawal was taxable, which should not be the case considering it was made in error, however the corrected document they sent back to me just specified 0.00 for the gross distribution which doesn't feel right either. I don't want to be fraudulent and give a number that isn't true but TurboTax doesn't allow me to proceed with a value less than 0.50 according to this error message.