For the 2020 tax year I I contributed to two separate retirement accounts resulting in an over contribution. I thought I remember TurboTax alerting me to this and asking if I would be withdrawing the money before filing. What I can't remember is whether I chose yes or no. In the end I did withdraw the money and all of the gains so I'm now trying to determine if I need to file and amended return or not. Is there a way in TurboTax to indicate that the excess amounts were included in my federal and state returns?
If the amount of the excess contributions were not included in my original filing then my understanding is that I should an amendment. I can report the excess contributions, the earnings would be reported in next years filing since I withdrew them in March of 2020, via the Miscellaneous Income section and use the Other income not already reported on a Form W-2 or Form 1099.
