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Retirement tax questions
Yes, TurboTax will flag if the contribution is in excess. In the online version of TurboTax, at the end of the section on Deductions and credits, you will get a "Your Income Is Too High to Contribute" screen.
You'll be able to enter on the next screen the amount you plan to withdraw before the return due date.
To enter the earnings on the excess contribution:
- Open your return
- Click on the "Search" on the top and type “1099-R”
- Click on “Jump to 1099-R”
- Select "I'll type it in myself"
- Box 1 enter total distribution (contribution plus earning)
- Box 2 enter the earnings
- Box 7 enter P and J
On the "Which year on Form 1099-R" screen say that this is a 2026 1099-R.
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February 12, 2026
1:29 PM