My daughter contribute Roth IRA for 2020-2023. My wife and I file tax return every year with my daughter as our dependent. Since she has no income, we realize that her Roth IRA contribution are not allowed. We contacted our brokerage firm to withdraw the contribution.
As I understand that we need to file the amendments tax return 1040X for year 2020, 2021 ,2022 with form 5329 and 6% penalty.
I try to use turbo tax desktop version to amend 2020 return. There is no way I can enter my daughter's Roth IRA contribution since she is a dependent. Turbo Tax only shows up my wife and my name under 'Deduction & Retirement' section. Can any one help show me how to do that?
Can we just file the paper form of 5329 for year 2020,2021,2022 with penalty 6% penalty check? Do we have to file the 1040X form?
Thanks.
SC
