ThomasM125
Expert Alumni

Retirement tax questions

It sounds like you entered a Form 1099-R which reports an IRA distribution, as a rollover in your case. That shouldn't have anything to do with an IRA contribution which would result in the excess contribution message you are seeing. I suggest you look in the IRA contribution section and see if you entered an IRA contribution. You would be over the $7,000 limit if you contributed more than that or if you contributed more that your earned income to an IRA.

 

You enter an IRA contribution in the Deductions and Credits section of TurboTax, then Retirements and Investments, then Traditional and Roth IRA Contribution.

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