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Retirement tax questions
Ahh mea culpa. When I checked the Form 5329, I apparently had input by mistake that this excess Roth IRA payment was for prior year excess contribution of $6000, not for 2020 tax year. So when I went back in TT, I changed that and now I owe no additional $360. Have to admit the prompts from TT on when you contributed Roth IRA and excess Roth IRA for 2020 or previous are confusing. Thanks for your help!!!
February 20, 2021
9:38 AM
671 Views