You would get that message if you were allowed to do an IRA contribution of $7,000 in 2022. If you had excess contributions from 2021 you get a credit for them in 2022 up to the amount of your allowed contribution in 2022. So, it appears there is at least $7,000 of earned income on your 2022 tax return. If you look on your form 1040, page one, can you clarify what line numbers have $7,000 or more of income listed on them?
You can view your form 1040 and schedules 1 to 3 while working in the online version of TurboTax by following these steps:
- Click on Tax Tools in the left menu bar
- Click on Tools
- Look under Other Helpful links….
- Choose View Tax Summary
- Look in the left menu bar and choose Preview my 1040
- Scroll down the page to see form 1040 and schedules 1 to 3
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