- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Question for 2019 Return of Excess Roth contribution
I am over 59 1/2 and made a Roth contribution on 1/3/19 of $7000. (have not filed 2019 taxes yet)
Because my AGI is over the limit, I made an return of excess contribution of the $7000 plus the $2198 of profit for a total of $9198 returned on 2/27/20. I want to account for the excess contribute this 2019 tax year and was able to reconcile the $7000 contribution but do not know where to input the $2198 in turbo tax to pay taxes on this amount in my 2019 return. My question is how and where in Turbo tax to I account an pay tax for this $2198 of profit on my 2019 excess contribution. Thanks in advance for any answers on this.
March 20, 2020
9:25 AM