QQSD
Level 1

Get your taxes done using TurboTax

Hi Dana,

 

I followed your advice and entered the 1099-R I received from broker without changing anything.

 

clicked continued , entered 0 at Roth IRA contribution,

then chose "I had conversion from Traditional IRA"

entered 2020, and 2021 nondeductible contribution $6000 each, and was able to see the tax on $7000 was removed.

 

then the page took me to if I "made excess Roth IRA contribution for Prior Years".

Do I enter the 2024 $7000 excess contribution here? Does "Prior Years" include 2024, or the years before 2024?

 

Thank you for your help!