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Roth IRA excess contribution from 2019
I contributed $6000 to a Roth IRA in 2019 but recently realized I was not eligible to make any contributions. I withdrew the contribution in Feb 2021. Do I need to report the withdrawal on my 2020 or 2021 tax return? How do I enter this in TurboTax? I understand I will have a 6% penalty for 2019 and 2020.
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March 1, 2021
5:35 PM