Hi @DanaB27 ,
Thank you for your timely response. I entered the excess contribution from 2022 in deduction section and it worked. Now form 5329-T line 24 is showing the excess contribution, with smart worksheet showing 12/31/23 Roth IRA value (which is much smaller), and line 25 additional tax is based on the smaller of 2022 excess contribution and 12/31/23 value. So thank you.
Before your response, anticipating a 2024 1099-R to be issued, I already entered the 2022 excess contribution in the Wage and Income section, IRA...Withdraws (1099-R), do I need that or should I delete it? Thank you so much!
