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Roth IRA Excess Contribution Smart Check
Hi, while doing my taxes I realized I made an excess contribution of $4200 for 2023, so I withdrew the excess, along with the Fidelity-calculated earnings, for a total withdrawn amount of $4392. I'm having an issue where the Smart Check at the end is saying "IRA Contributions Worksheet: Line 25 - Taxpayer's excess Roth IRA Contribution withdrawn should not be more than $4200". I was told I need to withdraw the original contribution amount along with earnings, but TurboTax is saying I can't withdraw more than what I contributed. How do I fix this error?
March 24, 2024
6:51 PM