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Retirement tax questions
ah ok now I see what you are saying, but the steps I took did not throw any amount on form 5329 line 25. my form shows the "gain" on my excess contribution on line 1 and 2 form 5329. you have to include that as income for 2023 taxes but not sure what else could be causing the issue on your end.
This is where I am not the expert and why I put this question out to the community for help. Seems the steps I listed from that Dana person expert worked for me.
Sorry I can't be of more help but all I can think of is there a step in the process I sent you where by maybe you clicked or not clicked the right box, hence causing TurboTax to think t you have a 6% penalty. Not sure if being over 59 1/2 or under may also play into this issue.
‎April 4, 2024
12:22 PM
3,239 Views