Will TT auto calculate the penalties (10% and 6% p...
Returning Member

Retirement tax questions

Will TT auto calculate the penalties (10% and 6% penalty) in the 2017 amendment?

The excess contribution returned was $1,537 plus earnings of $142 for a total return of $1,679. I re-contributed that total in the Roth IRA in 2018 immediately after it was returned.
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