Retirement tax questions

OK, thanks.  When turbotax tells you that you have an excess contribution (it should tell you this twice, once for each IRA) it should also ask you a question like "Will you remove this excess before the tax deadline?"  If you say yes, it should clear the excess from form 5329.  Is it possible you skipped this question when you first entered the contributions because you were trying to decide what to do?  Try going back through the IRA interview and see if you get that question now.  (You have to report the contribution since you made it, then note the removal.  You can't just say you contributed zero.)

 

If that doesn't work you might need to change your contributions to zero, and delete the two "imaginary" 1099-R with code PJs. .  Then exit, restart, and go to the tax tools menu and delete form 5329-T and 5329-S if they are there.  Then exit, restart, and enter the IRA contributions again and answer the removal question.

 

If that doesn't work, you may need to call support so they can do a screen share with you and look at the internal worksheets and fix something for you.