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Get your taxes done using TurboTax
The question in TurboTax is -
Excess Contributions Withdrawn
Did you withdraw any excess contributions made to a traditional IRA after the due date (including extensions) of last year’s return?
Yes No
That "after" could be any day in 2019 after the due day of 2018 tax return OR in 2020 before 2019 tax return filed.
TurboTax's question is not clarifying the withdrawn done in 2019 or in 2020.
Answering "Yes", no 6% penalty, while "No", 6% penalty.
Cconfused. Please Help!
Thanks!
June 19, 2020
10:56 AM