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Get your taxes done using TurboTax
Thanks for the reply Fanfare!
Just to be clear I did not address the return of excess contribution on my 2023 TurboTax return prior to filing. I did not have the 2024 1099-R nor did I enter the $7367 return of excess amount into my 2023 return so my original 2023 1040 line 4a is blank. I did enter the 2024 1099-R with code P into my 2024 TurboTax return and that 1040 line 4a is also blank. The IRS apparently receives a copy of my 2024 1099-R so they are aware of the nontaxable returned excess contribution. I'll just hold on to a copy of the 1040X and updated 2023 1040 with line 4a showing $7367 for my records since the amendment isn't necessary.
Thanks again!
May 12, 2025
11:49 AM