dhilliards
Returning Member

Removing Excess Roth IRA Contribution Penalty

I fully funded 2021 Roth IRA's for myself and my husband, who is not employed, in March 2021.  We are both over 59 - 1/2.  In April 2021,  I realized that my earned income for the year would be less than the $14,000 in contributions so I withdrew the excess contribution from MY Roth IRA (because my husband was not home at the time to authorize the transaction on his account).  My 1099-R shows codes 8 and J.   I am attempting to enter the Roth IRA information in Turbotax under "Deductions and Credits-Traditional IRA-Roth IRA" and it is showing that my husband has an excess contribution for which we are charged a penalty.  How can I correct this?