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Retirement tax questions
All the checks given in the link pass.
Yet TurboTax gives the message that $7000 is excess contribution.
Let me give you some more details. The 1099-R has $14000 in Box 1 because she contributed to the traditional IRA for both 2020 and 2021 in the year 2021. And then recharacterized both of them immediately to Roth. Could this be the reason for the TurboTax error? How do I get around this?
‎February 22, 2022
7:46 PM