I contributed too much for tax year 2019 in 2020, and rolled the excess into my 2020 contribution, BUT it's still over the limit because my earnings decreased in 2020. Can I now remove the excess for the 2020 contribution without penalty? Or do I have to file a 5329?
TurboTax is asking me to re-enter the 2020 contribution amount minus the excess after I withdrawal it. That's fine, but how will it then know to file a 5329?
