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Get your taxes done using TurboTax
It seems you entered a prior year excess contribution. If you do not have a excess contribution from prior years then please follow these steps:
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select “Roth IRA”
- On the "Enter Excess Contributions" screen delete the entry.
- Continue until the penalty screen and enter the excess contribution amount withdrawn ($2,000).
Note, you should only enter $2,000 as the withdrawn contribution by the due date. Do not include the earnings on the penalty screen. Then you should have $2,000 in box 25.
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April 13, 2025
8:26 AM
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