Starting a 2023 1040 using TurboTax Desktop for Windows.
PhD student (degree candidate) with a taxable fellowship in 2023 which will not be reported on a W-2.
Student did not receive a 1098-T because university not required to provide one in this situation.
Student has already made $6500 contribution for 2023 to a previously existing Roth IRA.
TurboTax Desktop generates Form 5329 - penalty for excess contributions to a Roth IRA.
TurboTax Desktop is not considering the Schedule 1 Line 8r amount as compensation for IRA purposes (as allowed according to Pub590A).
Advice please?!
