Thanks, Dana. So I keep the code 8 and it will then register as income on line 1 of the 1040SR . Which is what I presume it should.
Sorry to hassle you further however, my line 16 for taxes owed is decreased from the tax schedule by that same amount in TurboTax.
For example, line 1 is $56, the amount of interest from the 2020 excess contribution. The tax schedule for line 16 indicates an amount of, let's say $11,815 owed. But TurboTax is entering $11,759. Exactly the same amount less that is entered in wages $11,815 - $56 = $11,759.
I don't understand where that comes from.
Again, much appreciate your assistance.
