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Income tax being calculated on 1099 R for excess contribution removal
I contributed $6,000 to my tradtional IRA accidentally intsead of my wife's. My financial planner transferred it to my wife's traditional IRA where it was converted to the Roth. Now we each have a 1099 R, my wife's has code 2 and turbotax doesn't calculate an income tax due, but mine has code 8 and 1 and turbo tax is calculating an income tax due on that $6,000. I'm pretty sure I don't owe any taxes on the $6,000 because it is an excess contribution removal but I can't understand how to tell this to turbotax so it doesn't calculate income tax. Everything was done in the same year, 2019.
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‎February 12, 2020
6:31 PM