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How is an excess contribution(s) to Roth IRA accounts handled on Turbo Tax?
My wife and I (married, filing jointly) contributed to our individual Roth IRA and those contributions ended up being not allowed per our gross annual income. We have asked the handler of our account to take out the excess distributions. How is this treated on Turbo Tax? Do we show $0 contributed but then account for the taking out of the excess contributions as wages/income (haven't received a 1099-R)?
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‎June 4, 2019
2:49 PM