DanaB27
Expert Alumni

Get your taxes done using TurboTax

1) Correct, you will answer "no" to "Any Excess IRA Contributions Before 2020" because you withdrew the the excess contribution (and you had no earnings) by the due date.

 

2)No, since you entered it on your 2019 return and there are no taxes withheld you do not need to enter it on your 2020 tax return. The code P will not do anything in 2020 tax return.

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