Hello,
I did not realize I would make as much as I did in 2022, so my MAGI resulted in an excess contribution. I maxed out the full $6,000, and I was unaware this was a thing. When doing my taxes, I was notified of it. I contacted Fidelity and spoke with an advisor about my options. I chose to carry it over and apply it to my 2023 IRA contributions. Now, I am stuck on how to proceed/what to fill out when completing the section within TurboTax. Will I have to pay the penalty then receive a form to complete with my 2023 taxes next year? Can it all be handled with my taxes this year so this does not loom over me? What is the best way to go about this to get this situated?
