Hi, I'm over 59 1/2. My wife and I do $14k contributions in beginning of a tax year, so we did for 2021.
Me in to Roth, she in to Traditional. By the end of the year we found that our AGI is above $208K, very surprising good news! But I needed to remove my $7k contribution from Roth IRA as excess cont., And $7k contribution for my wife in to Traditional IRA is non deductible.
The question: If we take this $7k Traditional IRA contribution back from IRA account, how to report it in Turbo Tax for 2021 that it was withdrawn?
Thank you
Alex V.
