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2020 Roth IRA Excess contribution refunded in 2021 - shows up on 2023 TT as an Contribution
In 2020 I made an excess Contribution to my Roth IRA. It was reported as an excess contribution and I received a refund, and a 1099-R in 2021. I reported the 1099-R in 2021, through TT Home and Business. I filled out the form as the 1099-R was reported, and yet while finishing my 2023 taxes the amount of the excess is showing up as a Roth Contribution, and if I try to zero it out through the step-by-step update it doesn't change it to zero. What did I enter wrong in previous years? I don't remember this problem in 2022 but I was surprised to see it this year.
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March 6, 2024
11:55 AM