My partner and I both contributed the max to our Roth's last year (2023) but ended up earning too much for any contribution. Their Roth is at Fidelity, mine is at Vanguard. We both successfully completed withdraws of $6,500 plus what was assessed as gains. Fidelity required 10% taken out for federal taxes, but otherwise no taxes were withheld.
I'm doing our taxes, using Turbotax. I don't yet have 1099-Rs for either of us and in any case can't figure out where to get the information to enter excess contribution info for 2023. Turbotax seems to only want to ask for the year prior since it assumes I would only get a 1099-R the following year. I guess a lot of people don't realize they overcontributed until they've already filed. In this case we realized beforehand (last year actually) and withdrew the money last month. We didn't want to deal with transferring to an IRA though I'm wondering now if we should have done that.
Neither of us has IRAs. My partner has a traditional 401k, I have a traditional 401k and small Roth 401k at Fidelity with a former employer, and a new one of each at Vanguard. I should streamline but for the time being just would love some help figuring out how to enter this in my taxes before the deadline!
