DMarkM1
Expert Alumni

Get your taxes done using TurboTax

Pull out the excess contribution and associated earnings.  Be sure the financial institution will report as return of excess.  Create a 1099-R showing the distribution of excess contribution and earnings.  Here is a link with details.  Of course you will use 2019/2020 as the applicable years.  You will get a 1099-R for 2020 showing that distribution that you can ignore. 

 

If you save the Roth IRA entries for last in the income section TurboTax will assist you with correction/calculations for the excess.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"