Thanks for the reply. Here what's going on. We did have an over payment for 2021 as well. We received 2 1099's each. Mine. 2021 - 6578.32 Codes PJ and 2022 - 6281.40 Code 8J. Wife 2021 - 6425.37 Codes PJ and 2022 6311.34 Code 8J. 2021's for both of us was withdrawn before filing 2021 taxes. On our 2021 taxes I did state 7000 entered and 7000 withdrawn. I know I should have used the actual amounts received but it was showing a penalty for not withdrawing the full amount which I thought was wrong. I understand now I should have paid the extra on 2021's return and now go back and file an amendment. I hope there is No need for the amendment now since we're even. 🙂
I double checked the assignments of the 1099's entered and the correct two for me and correct two for my wife.
On step 6 Enter your roth IRA Contributions it states: $12,592 was previously entered on Form 1099R. Do NOT enter this amount here. $12,592 is a combination of mine and my wife's 2022 1099's? I followed your instructions and entered 7000.
On the screen Enter Excess Contributions for Prior Years I entered 7000
How Much Excess to 2022? Indicate how much of remaining excess contribution of $0 you wan to credit towards 2022 Roth IRA Contributions. Entered 0
When I got the penalty screen I entered the 7000.
When I get to my wife's Enter Your Roth IRA Contributions I get the same message: $12,592 was previously entered on Form 1099R. Do NOT enter this amount here.
I entered 7000.
On the screen Enter Excess Contributions for Prior Years I entered 7000
How Much Excess to 2022? Indicate how much of remaining excess contribution of $0 you wan to credit towards 2022 Roth IRA Contributions. Entered 0
When I got the penalty screen I entered the 7000.
It seemed to accept everything but we're not 100% confident. Why is turbotax adding both our 1099's together? Why is it saying don't enter that amount like it already knows about it? And yet we add the 7000? AND the same $12,592 comes up for both me and my wife? Please let us know. Thanks again for the help!
