@orbtu wrote:
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 The 2017's $5,500 excess Roth contribution was withdrawn in 2019.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?
Go to the IRA contribution section and click through the interview for both Roth and Traditional IRA . If anything is there as a excess then remove it.
You can also just delete the "IRA contribution worksheet" on the forms mode if using the desktop version if online this way:
https://ttlc.intuit.com/community/accessing/help/how-do-i-view-and-delete-forms-in-turbotax-online/0...
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
