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Level 2
posted May 1, 2021 6:51:54 PM

Turbo Tax asking if I have done an excess contribution to Roth, but have already removed excess

Hi Team,

 

Would appreciate any help on this question: I see a question about whether I have contributed an excess amount to a Roth IRA in 2020 or earlier. If I have done so, but already conducted a removal of excess and paid the additional fees, etc. then how should we address this in Turbo tax? 

 

I imagine the answer is "No" because it was effectively removed from the record by conducting a removal of excess. Thanks for you help! @macuser_22 , @dmertz  do either of you know?

 

 

0 2 1410
1 Best answer
Level 15
May 1, 2021 7:04:03 PM

If it has been removed then you do not have any outstanding excess so say no there is no excess.

2 Replies
Level 15
May 1, 2021 7:04:03 PM

If it has been removed then you do not have any outstanding excess so say no there is no excess.

Level 2
May 1, 2021 7:05:31 PM

You're a legend @macuser_22 , thank you!