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Retirement tax questions
Hey @macuser_22, following up on my previous question.
For my 2020 return in TurboTax, under Federal Taxes -> Deductions & Credits -> Traditional & Roth IRA contribution, I entered $6000 in the field "Excess Roth IRA Contributions for Prior Years." When I preview Form 1040, schedule 2 line 6 has a value of $360.
Does that mean the 5329 was generated and I don't need to complete an amended return for 2020?
Thanks again for all the help.
March 4, 2021
3:01 PM