You report the actual distribution with the 2020 1099-R code J on your 2020 tax return.
For 2018:
Enter the 2018 Roth contribution in the IRA contribution interview and TurboTax will calculate how much was an excess and add the 5329 form.
Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.
OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.
For 2019 same interview but not new contribution, just click through the interview until you get the prior years excess question.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
