Request your confirmation on entries below, why the error is coming up and how to fix it. Thank you.
Context:
I had contributed $7k to Fidelity Roth IRA in Jan 2024 but realized that there is income limit as my salary increased to > $150k in March 2024. It had earned interest of $801.85.
I submitted Return of Excess contributions to Fidelity and got back $7,801.85.
I was New York resident for all of 2024, though I lived in CA until end of 2023. So I downloaded both New York and CA for TurboTax and am filling both sections. I entered 1099-R for Federal section which then had below:
"Did you use your IRA to pay for any of these expenses?" screen: "Corrective distributions made before the due date of the return": $802
Question:
California section has below. Please confirm if it is ok to change the default entries to below.
If I don't change it, I get additional tax screens and errors below.
ERROR
When I switch to Forms, it shows below in form 3805P. This should have been Yes, right? Please let me know what I missing. Thankyou.
