@DanaB27 Earlier you stated, "You don’t have to pay the 6% penalty on your 2022 tax return for the 2022 excess since you are removing the excess and earnings before the due date (or recharacterizing it). But you will have to pay the 6% penalty for the 2021 excess on your 2022 tax return since it was not removed by December 31, 2022." So to be clear, even though I withdrew the 2022 excess contribution on 31 March 2023, but BEFORE I submitted my 2022 tax return, I will still be assessed the 6% penalty on my 2022 return for the 2021 excess contribution?
TT questions:
1 - I did the amended 2021 return and it created a Sched 2 and Form 5329, but it looks like it has me also resubmitting Sched 3, B, D and Form 8995. Is that sound correct...even though those other forms didn't change?
2 - Is TT supposed to be allowing me to submit amended form electronically, because it is not.
3 - TT is also requiring me to submit an amended state return for 2021 even though nothing has changed on that form, does that sound correct?
