If you withdrew the excess contribution plus earnings before October 15th, 2021 then you do not have to pay the 6% penalty on your 2020 tax return. Please make sure that you enter the withdrawn contribution amount (without earnings) on the penalty screen during the IRA contribution interview when you amend your 2020 tax return.
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select “Roth IRA”
- Continue until you get to the penalty screen and enter the contribution amount withdrawn (without earnings or losses).
@aa73
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
