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Question regarding excess contribution to Roth
In reviewing my 23 Turbo Tax file, I noticed that I received a message in the deductions and credits that says I had an Roth overcontribution of 3768. At one point, I recall this amount being 1644, which is what I withdrew from the Roth and moved to my traditional in March of 24. I am handing the resulting 1099-R on my 24 taxes.
My AGI for 23 was nowhere near close to the income limit as I am retired. AGI for 23 was 51,947. I contributed 7500 to the Roth.
Why would turbo tax have indicated that I had this overpayment? I know I should have researched this at the time, but here I am.
March 31, 2025
8:42 AM