After filing taxes this year (Single), I was going to contribute to my Roth IRA (procrastination, I know), but decided to double-check my understanding of MAGI -- apparently I over contributed to my Roth IRA last tax year (2015). I have no clue how to fix this. I haven't contributed anything this tax year (2016) but would like to. From doing the math, I think my entire contribution last year is in excess of Roth limits since I made more than I expected (and I apparently didn't understand MAGI well enough).
Does anybody know how I rectify this? Some answers to similar questions mention some forms, but I'm not sure what those forms are and where to get them. I'm guessing I'll need to withdraw funds from my Roth IRA? Could I withdraw into a Traditional IRA for the 2015 year, or is that not allowed? I'm guessing I have to file an amended 2015 tax return. Can I do this with TurboTax? I still have the software installed.
