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Get your taxes done using TurboTax
The over contribution withdrawal needs clarification. I did the removing myself prior to tax filing deadline, and now I received a 1099R with an early withdrawal for year 2018. You must have your Roth administrator withdraw it so they may code it properly. As it stands, I still have the excess contribution of $780 for 2018, and my Roth plan administrator won't correct the 'improper'
withdrawal. I took out the excess within 5 days, but in that time frame, I received $139 dollars in dividends, which according to Turbo Tax is a gain, which must also be removed. I have posted this question on this forum, but yet to have an answer..
March 30, 2020
7:00 AM