jcoff
New Member

Retirement tax questions

I took a disbursement and rolled most of it back to my IRA within 60 days. I noted on the Turbotax question that it was a partial rollover. There was no option to show the rollover as being done in 60 days. Now it shows that the amount rolled back into the IRA is being taxed as an "excess contribution" though it is not a contribution. It is a rollover. I don't think this is correct but don't see how to address it.