MinhT1
Expert Alumni

Deductions & credits

You will not receive an amended 1099-SA.

 

Your withdrawal of excess contribution will be reported on your 2025 1099-SA with code 2 in box 3.

 

As you have withdrawn the excess before April 15, 2025, there is no penalty of 6%.

 

In TurboTax, when TurboTax tells you that there is an excess contribution, on the next screen, say that the excess has been withdrawn. There is no excise tax and form 5329 will not be populated.

 

[Edited 03/31/2025 | 1:17 PM PST]

 

@krista316 

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