Get your taxes done using TurboTax

Thanks for the reply. I haven’t entered all my tax information and forms on my return yet … still working on my retirement contributions. As a matter of fact, I had to file for an extension today because I discovered that I made an excess contribution to my Roth IRA and will owe a penalty. In order to remove the penalty, I need to take action either withdrawing or recharacterizing the contributions from Roth  to traditional. Not sure how the excess contributions will affect my tax returns. Any thoughts? Or is it hard to say?