Retirement tax questions

Since the excess was removed before the due date of the tax return it is treated as an amount not contributed in the first place.

When you enter the Roth contribution into TurboTax, just enter $5,500 for 2016.  

Next year when you do the 2017 tax you would enter the $18 plus any additional 2017 contributions.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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