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  • Re: I over-contributed to my IRA so I withdrew the excess and earnings. When I enter the info in the IRA field on Turbotax, it reduces my refund by $300. What is going on?
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Retirement tax questions

 "excess and earnings"

 

Those earnings are taxable income and that is going to reduce your refund.

‎July 8, 2020 9:47 PM
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