@TrishaM wrote:
This was for a Traditional IRA. I cannot find the "excess carry forward" page in Turbo Tax. Is this the page, in the IRA section, that says "Enter excess amount"? Right now that page has pre-populated with $864. Do I enter zero there? Then, where I enter the amount I contributed to my 2019 IRA (I've already contributed $3000), do I change that to $3864 ($3000 current contribution + $864 carry forward from 2018 excess contribution)?
You said "On April 9, 2019, I took a distribution from my IRA for the excess contribution..." so that $864 is no longer in the IRA, so yes, you enter zero for the pre-populated $864 carry forward excess because it no longer exists - said you removed it.
For the 2019 contribution you enter the amount contributed in 2019.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
