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Loss from Roth recharacterization.
I had to recharacterize a Roth contribution because of income limits. The withdrawal of the account balance was less than the contribution due to a market loss. Since the withdrawal was less, TurboTax shows that I made an excess contribution and that I owe a penalty. Do I override TurboTax to remove the penalty?
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‎June 4, 2019
8:27 PM