bigboybun
Returning Member

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.