When do I report the taxes withheld from a withdrawal for excess contribution into Roth IRA?

claudita_card · ‎June 6, 2019

I withdrew the excess contribution and earnings in 2018 for a 2017 contribution. I also had taxes withheld. Do I report the earnings in 2017 and taxes withheld for 2018?

MarilynG · ‎June 6, 2019

Yes, you can report excess contributions and earnings removed on your 2017 return, and taxes withheld on your 2018 return.

Here's more info about how to do that:

https://ttlc.intuit.com/replies/6454292

Edited 4/13/18 1:08 pm

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When do I report the taxes withheld from a withdrawal for excess contribution into Roth IRA?

Retirement tax questions