I’m reporting a withdrawal of excess contribution to my Traditional IRA and was instructed by Turbo Tax expert to input it on the form 1099-R even though I didn’t get one. When I was reviewing my Form 1040, I saw something on IRA Contributions worksheet on Line 15 that says Excess traditional IRA contributions, to Form 5329, but this line shows blank.
You said that if Turbo Tax determined that I have an excess contribution, it will generate form 5329 automatically. Was I instructed incorrectly by your expert to input my excess contribution on 1099-R? How do I fix this if it’s wrong? Thank you!
