TT is incorrectly calculating the Roth IRA and regular IRA contributions.
When i am entering my contributions for Roth IRA and traditional IRA, which total cannot exceed 5500. I am inputting the values in TT. When it is asking me my total value of ROTH IRA by 12/31/2017 it is also asking me to put in anything that i have put in after 12/31/17 but designated for 2017. So I put it in. My Regular IRA contributions were 775, my Roth IRA contributions are 4775. Therefore I am over $50 (total of 5550 instead of 5500 for the year). Next few screens, TT comes back and tells me that I have a penalty because i have an excess contribution of $525 in Roth IRA and I should withdraw. WTH? did the math just get screwed up in TT? How the hell does it calculate that I have over $525 access when the total for the year is 5500 and I at at 5550(between Roth IRA and Regular should not exceed 5500)? When I start again, going to the main screen of 2017 deductions and credits-> it shows my IRA contributions to be 5100. So I am not completely confused. how the hell is this thing calculating the wrong figures?
