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Deposited money into traditional IRA to repay 1/3 of my covid-19 distribution and TT is saying I owe a penalty for excess contributions.
Repaid 1/3 of my covid-19 distribution after Jan. 2023. When I put this under traditional IRA contribution and mark that it is a repayment, it is still saying I owe a penalty for excess contribution. I did mark the box that it is a repayment. Why is it saying this?
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‎April 14, 2023
2:36 PM