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Retirement tax questions
You have $30,000 excess contribution on line 18 on Form 5329? That would indicate you had an excess contribution in 2018 but you said that isn't true.
Please go through the IRA contribution interview to make sure the excess contribution wasn't entered here:
- Login to your TurboTax Account
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
If this doesn't fix the issue then you might have to delete the IRA contribution information (IRA contribution Worksheet) and the 1099-R. And then reenter the 1099-R from the conversion.
Please see How do I delete a tax form in the TurboTax CD/Download software?
What is the code in box 7 on the 1099-R?
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April 18, 2021
5:11 AM