If it is carrying forward, go to the IRA contribution section and click on Roth contribution, say yes you have a contribution, enter the 2016 contribution or just leave the box blank if no 2016 contribution, click through until you get to the excess Roth contribution screen that should auto-fill with the carried over excess and enter 0 (zero) in the box since it was removed. Continue to the end of interview.
That should remove the excess and the 5329 form with the penalty.
Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.
OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.
**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.**
