DanaB27
Expert Alumni

After you file

Did you enter the Roth IRA contribution for 2022 on your return before? If yes, you should have a checkmark next to it and will click continue and go through the questions again until you get to the penalty screen where you will enter the contribution amount as removed by the due date.

 

If you didn't enter the Roth IRA contribution then you can enter it and then enter it as removed by the due date (on the penalty screen).

 

Please be aware, since you had losses your return will not change when you amend it but TurboTax will create a statement of explanation for the return of the contribution. Here you will enter that you returned the $xxxx (excess contribution amount) with a loss of $xxx.

 

@ohcexpert 

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