To report the withdrawal of an ineligible Roth IRA contribution in TurboTax for 2024:
- Go to the IRA contributions section.
- Indicate you made a Roth IRA contribution for 2024.
- When asked if this is a repayment of a retirement distribution, answer "NO"
- Report as withdrawn by the due date.
- Enter the amount withdrawn (the excess contribution plus any earnings).
- TurboTax will guide you through reporting the distribution to avoid penalties.
This ensures the excess contribution and its withdrawal are properly reported on your tax return.
**Please say "Thanks" by clicking the thumbs up icon in a post
***Mark the post that answers your question by clicking on the "Mark as Best Answer"
