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Retirement tax questions
Yes, you will enter the excess contribution from 2021 on the "Enter Excess Contribution screen". TurboTax will fill out Form 5329 showing this excess contribution on line 18 and the distribution on line 20. This will resolve the 2021 excess contribution and line 23 "Excess contributions for 2023" should be $0.
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March 17, 2024
10:43 AM
4,485 Views