in TurboTax 2022, open your originally filed tax return.
Enter the AMEND process.
--
go to Forms Mode.
Open Form 5329-T.
note the SSN and enter the excess on Line 23 and Line 24
Your penalty is on Line 25
Repeat for Form 5329-S.
open Form 1040-X, enter Part III Explanation.
Save the file.
Print 1040-X, Schedule 2, Form 5239-T, 5329-S
You are done with 2022
-----------
In TurboTax 2023 do the same but enter the amount carried forward from 2022 onto Line 18 instead of Line 23. put zero on line 20.
Enter 1099-R to put your correct gross distribution numbers on 1040 Line 4a, and 4b.
The simplest way is to use Code 7 in box 7 and do check the IRA box, even though you have a Roth IRA.
[This is where it gets complicated but I won't go into it at this time]
Repeat with a 1099-R for spouse.
complete 1040-X Part III
Save the file.
Print 1040-X, Schedule 2, Form 5239-T, 5329-S
You are done with 2023.
----
When amending on paper. Do not include your old 1040 nor your revised 1040 because the Form 1040-X reflects any changes there and becomes your new tax return.
You should be able to e--File the 2023 amended tax return.
==
The reason this is confusing is you are reporting penalty on a 2022 excess, and reporting earnings removed related to another excess, after filing.
You have to explain why you are amending early.
Ordinarily you would do the amendment in February 2025, with a real 1099-R.
The 2022 excess was removed in 2024, not 2023.
Also explain that you are leaving Form 5329 Part I empty because you know there is no early withdrawal penalty.
@msv1
------
