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Over-contributed to IRAs, caught it, withdrew the excess from my Trad. TT assumes it came from the Roth
I have two IRAs, a traditional/rollover and a Roth. I accidentally over contributed last year. Caught it, withdrew the excess from the traditional, bringing my net traditional contributions to $0. When I indicate in TurboTax that I withdrew the excess, it assumes it came from the Roth and still gives me credit for the contribution to the traditional. How to I change it to reflect reality? Or do I have to wait and amend the return once I get the 1099R from the bank?
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March 23, 2021
9:21 PM