Client reported incorrect excess Roth contribution of $600 on her 2019 tax return. She paid the 6% penalty on her 2019 tax return, and now apply that $600 to her 2020 Roth contribution. The problem is, the excess in 2019 was actually $650. She paid the 6% penalty on the 600 but not the $50. She did not withdraw and now apply the whole $650 as 2020 Roth contribution. How do we remedy the penalty on the $50 that was not paid in 2019. TTO not letting us force the form 5329 to enter the penalty. Can we enter the $50 as taxable income for 2020, but still how to report the 6% penalty on the $50 for 2019?
