- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Thank you, Coleen - the steps you outlined are great, and I followed them exactly (and re-visited every section just to be sure). I specifically marked "I converted all of this money to a Roth IRA".
However, the problem is still there - the message keeps popping up later, after the income and deductions get "wrapped up":
- You Have an Excess Roth Contribution
- You Currently Have a Penalty
I am sure I followed your instructions to the letter.
Will this penalty show up as a separate line item in the final steps, or it it lumped into the tax total so it can't be seen? I got almost to the end and I didn't see any "Penalty" line item.
‎April 5, 2021
5:07 PM