KarenM90
Intuit Alumni

Retirement tax questions

No, you can file on time.

 

In TurboTax, when you enter your contributions (Deductions & Credits/Retirement and Investments/Traditional and Roth IRA Contributions), enter the entire amount (including the excess) and include that amount in the value at 12/31/2019.  

 

When you reach the section that lets you know you over contributed (see screenshot below) just enter the amount you withdrew in January to make the correction.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post