I contributed $5500 to Traditional IRA towards 2016 contribution in March 2017, and then contributed $5500 to Traditional IRA towards 2017 in Dec 2017. I then rollover the total $11000+Earnings to Roth IRA account.
I reported the contributions for both 2016 and 2017 in my 2017 return but I didn't do the deductions correctly and end up paying extra taxes. I now want to amend the taxes for 2017 but not sure how to report this correctly as TurboTax shows that I made exxcess contribution of $5500 to traditional IRA and owe a 6% penalty ($300) each year the excess money remains in the IRA. Whereas, I actually made that extra contribution towards previous year 2016, and didn't report in 2016 taxes because I believe I didn't have all the documents.
