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Retirement tax questions
To confirm, you made a excess contribution in 2024 for 2024 and withdrew the excess plus earnings in 2025? And did have any excess contributions left from the previous years?
If yes, then please make sure you do not have an entry for the "Enter Excess Contributions" screen. You only enter excess contribution from prior years that were not removed.
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select “Roth IRA”
- On the "Enter Excess Contributions" screen delete the entry
- On the "How Much Excess to 2024?" screen delete any entry
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March 25, 2025
8:08 AM