To verify, you entered the contribution on you your 2020 amended return but now it states you have an excess contribution? Or is it when you enter the information on the 2021 return that you get the penalty warning?
To confirm, you had enough taxable compensation and only contributed/ entered no more than $6,000 each year ($7,000 if you're age 50 or older) in the IRA contribution section?
Please review the steps carefully, if you had enough taxable compensation then you should not get an excess contribution message.
Please be aware, if you get a message with the warning that you cannot deduct the traditional IRA contribution because your income is too high then this is nothing to worry about since you want to have the contribution nondeductible.
@rvijay
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