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Retirement tax questions
I thought I was past this mess but apparently not.
I ended up withdrawing too much excess contribution ($2570 instead of $2280) and now turbotax is throwing an error for the IRA Contributions Worksheet Line 26 that Taxpayer's excess contribution credit should be equal to $290 equal to Form 5329 Part IV. I understand that this $290 is the excess excess withdrawal. What to do here? Set to $290 and move on?
March 23, 2025
11:27 AM