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Retirement tax questions
Thanks Dana!
You said:
"Please make sure that when you enter the contribution in TurboTax that you also enter the withdraw of the excess contribution when TurboTax asks about it."
I did this. But TurboTax still registered an additional $360 in tax (assume this is 6% x $6000) penalty resulting from the initial ineligible Roth IRA contribution. Is there any way around this?
February 20, 2021
8:29 AM