DanaB27
Expert Alumni

Retirement tax questions

It seems you answered "yes" on the "Do you have any Excess Roth Contributions" screen and entered that you had a prior year excess contribution since you have an amount on line 22 of Form 5329.  Also, make sure if you entered a Roth IRA contribution that you enter the excess contribution as withdrawn of the penalty screen (another option is to not enter the contribution at all). Please review these entries:

 

  1. Click on "Search" on the top right and type “IRA contributions”
  2. Click on “Jump to IRA contributions"
  3. Select “Roth IRA
  4. On the "Enter Excess Contributions" screen delete any entries
  5. Continue until the penalty screen and enter the excess contribution amount withdrawn.
     

@ljwil123

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