My husband and I are both subject to RMDs. I still work part-time, with income sufficient to make Roth contributions, which I did directly in 2023, rather than using the 2-step method of contribution to a traditional IRA, then converting it to a Roth. RMDs are not considered earned income for purposes of the income limits to make a Roth contribution. Why is Turbo Tax telling me I made an excess contribution to my Roth? Our other income is well below the income limits, so it seems TT has to be making this statement on the basis of our RMD income.
How do I correct or override TT and handle this on our tax return so as not to set off audit alarms?
