Please be aware, we cannot see your return but it seems you have an excess Roth contribution and therefore you get the 6% penalty. Do not just remove your Roth contribution entry in TurboTax if you have an excess contribution. As Tax Expert HelenC12 mentions it is best to always enter your Roth IRA contributions into TurboTax.
If you like you can send us a “diagnostic” file that has your “numbers” but not your personal information. Please make sure it has your Roth IRA contribution included.
If you would like to do this, here are the instructions for TurboTax Online:
- From the left menu select Tax Tools.
- Then select Tools below Tax Tools.
- A window will pop up which says Tools Center.
- On this screen, select Share my file with Agent.
- You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.
- Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.
The instructions for TurboTax Download:
- On your menu bar at the very top, click "Online"
- Select "Send Tax File to Agent"
- Click "Send"
- The pop-up will have a token number
- Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.
We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.
@josepnyc76
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