A $7000 contribution I made in January 2020 toward a new Roth IRA account for tax year 2020 has become an excess Roth IRA contribution (I earned too much!). I already made a withdrawal of this excess contribution plus the $110 dividend from TD Ameritrade this month. Turbotax helpfully warns me that I currently have a penalty unless I do a withdrawal now, so I entered $7000 into the box "Contribution Withdrawn Before Due Date of Your Return" in the page "You Currently Have a Penalty".
In the final form printout ready to be filed to the IRS, there is nothing mentioned about this $7000 Roth IRA Contribution and nothing about the subsequent withdrawal of the excess contribution.
Shouldn't Turbotax report $7000 as a Roth IRA Contribution and it should also report a 1099-R form for the withdrawal of the excess contribution? Also, where to declare this $110 dividend made in 2020 from this Roth IRA account?
