DanaB27
Expert Alumni

Retirement tax questions

1. Yes, in the retirement section.

 

2. Yes that is correct you do not enter anything on the  "Did you use your IRA to pay for any of these expenses?" screen if you are under 59 1/2. Please be aware that the earnings are taxable income and they are also subject to the 10% early withdrawal penalty.

 

If you hadn't removed the excess you would have to pay the 6% excess tax on the excess contribution every year until you remove it.

 

No, there shouldn't be anything else you need to do on your amended return.

 

@rothquestionagain

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