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Get your taxes done using TurboTax
No, you do not enter the $7,000 contribution under Deductions & Credits that you withdrew. If you had entered it already the contribution then you can enter that you withdrew the excess contribution of $7,000 on the penalty screen.
Please be aware, the $6,700 should only show in line 4a of Form 1040. Line 4b taxable will show $0.
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‎February 21, 2022
7:43 AM