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Get your taxes done using TurboTax
We did have some normal distributions in our 2019 1099-SA but much less than the excess contribtions. We went back on answered that the amount was not for medical expenses and the amount was removed and taxed the 20%.
We have already made the withdraw for the excess contributions, why would this not remove the excess contributions from prior years in Turbo Tax? Is there something else we need to do to manually update forms since Turbo Tax does not handle the removal of excess contributions?
Are you suggesting that we again withdraw the excess contribution a second time as a distribution? Why would we need to withdraw a second time to remove the excess contribution?
March 26, 2020
9:54 AM