@CandP507 wrote:
@macuser_22
Thank you! I was able to submit amended tax returns for 2019! Is there a way to pay the $6000 * 6% = $360 penalty for 2020 on this year's taxes without submitting them and then amending like I did for 2019?
Yes, if you have not file 2020 yet. Just go through the IRA contribution interview and do not enter any 2020 contribution amount if you did not make one. The it will as for prior years excess not removed. Say it was not removed in 2020 and it should produce a 2020 5329 with the carry-over excess and penalty.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
