tsfo
Returning Member

Deductions & credits

Thank you ThomasM125

 

With regards to the 2022, I made the edit per your suggestion. However, no penalty was assessed. Moreover, TT says is asking, "Indicate how much of your remaining excess contribution of $7,000 you want to credit toward your 2022 Roth IRA contributions."  I put zero. But TT says this is an error and I get this message, "IRA Contributions Worksheet Line 26 - Taxpayer's excess Roth IRA contribution credit should be equal to $7,000, the Roth IRA contribution credit from Form 5329, Part IV."  It asks me to enter 7,000 for Line 26.  And that shows up on my Deductions and Credits this year as 7,000 which is incorrect. 

 

What can I do?