DanaB27
Expert Alumni

Retirement tax questions

When you enter the withdraw of the excess contribution ($6,000) and click continue, it doesn't take away the penalty? Can you check Form 5329 Part IV if it shows the penalty there?

 

 

 

If it doesn't show correctly then just delete the whole Roth contribution since you withdrew the excess contribution.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"