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Deductions & credits
The excess contribution continues. The allowable amount for married jointly is 7000 and my contributions are less than the maximum. My distributions from the account were almost equal to contributions, thus for a full year the balance is less than 1000$.
The only input is the contributions I made per the Box 12 W and yet TurboTax tells me I have made excess contributions. I have NOT made excess contributions, and yet TT says I have.
Where is the information coming from that shows excess??
March 11, 2020
9:50 AM