Retirement tax questions

Thank you for this reply.  I appreciate your time.

 

May I ask one more non-Turbo Tax question? Having now determined that $5850 of the $7000 was excess, is the easiest thing to do to tell the mutual fund company to move that into my traditional IRA? Or is there some limitation there as well? (I realize it won't be deductible, just trying to make sure it's allowable.) I guess what I'm asking is a tax question: May I still contribute the extra, already-contributed $5850 to the traditional IRA?