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Retirement tax questions
1. There is a link with instructions on the penalty screen in the IRA contribution screen. The "What can I do" link mentions that the earnings have to be reported and links to detailed instructions how to do this.
2. Links within the TurboTax provide additional helpful information when you come across a new tax situation where you might need more guidance. Also, you can ask questions in the Community anytime to get advice if you are unsure about how to handle the entries in TurboTax.
3. Yes, unfortunately, you cannot e-file prior year amended tax returns in TurboTax. I'm not aware of the reasons.
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March 5, 2025
5:40 AM