lionintexas
Returning Member

Get your taxes done using TurboTax

Thank you for your response. However, I had tried everything that you mentioned in TurboTax Online. After I entered the original contribution and indicated that I would remove the excess prior to the text deadline, TurboTax still applied the 6% penalty on my tax form.  Eventually, TurboTax started skipping those Roth IRA sections altogether and stopped telling me I made an excess contribution.

 

I also tried to manually enter a 2026 1099-R in TurboTax Online exactly as you indicated, but this also did not work at the time. I will try this again using TurboTax Desktop, and see what happens.