Hi, I am in a similar situation re excess roth contributions. I have already moved the contributions out of the account and am following the instructions in this thread (created a faux 1099-R). It looks like turbotax is calculating a 6% penalty ($6500 excess contribution * 6% = $390), but I believe I should only have to pay tax on the earnings of ~$700. How do I get turbotax to remove this from my taxes owed? I am using turbotax premier online. Thank you
