Thanks @RobertB4444 .
I think I may confused myself here, so just want to make sure I understand what TurboTax is asking for in my situation.
Again, here the history of my Roth Contributions:
- March 2020 -- Contributed $6000 each to RothIRA for 2020 year (12k total)
- Feb 2021 -- Contributed $6000 each to to RothIRA for 2021 year (12k total)
- Late March 2021 -- realized overcontributed for the 2020 year.
- Late March 2021 -- To prevent 6% fee, took a $800 distribution each wife and myself, plus some fed. witholding
- Feb 2022 - Received a 2021 1099-R form that accounted for the March 2021 Distribution (w/ Box4 Witholding)
Here's my question: When it comes to the early distribution I took in 2021, does that deduct from my 2020 total contribution, or my 2021 total contribution?
In 2020's TurboTax appended filing, when it asks : "Enter your total Roth IRA contributions for 2020"... do I put $6000 here?
In 2021's TurboTax filing, when it asks : "Enter your total Roth IRA contributions for 2021"... do I put the $6000 minus the early distribution and fed witholding amount?
