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Retirement tax questions
Thanks macuser_22.
The $500 is shown on this TurboTax screen if you go to:
- Federal Taxes > Deductions & Credits
The $500 is specifically listed under this section on the screen:
- Retirement and Investment > Traditional and Roth IRA Contributions, in the "2019" column.
Again, I did not make a $500 IRA contribution. The excess Roth contribution made in 2019 was recharacterized in 2019 and reported correctly in TurboTax (as we've established earlier in this thread). The 2017's $5,500 excess Roth contribution was withdrawn in 2019.
How should the 2019 withdrawal of 2017's $5,500 excess Roth contribution be entered in TurboTax?
‎July 2, 2020
5:49 PM