I'm still baffled as to why TurboTax is asking for the first time ever the value of my husband's Roth IRA. He made no excess contributions - in fact he made less than the maximum contribution amount. He took nothing out of the Roth IRA. He's not old enough for mandatory distributions.
In fact, for the first time ever, TurboTax shows us owing MORE tax based on Roth IRA contributions. So we're being taxed doubly??
Does anyone understand this?
Thanks!!!
