You'll need to sign in or create an account to connect with an expert.
If you didn't remove the 2022 excess contribution in 2023 you will enter the following steps on our 2023 return to report the excess contribution:
If you cannot apply the excess to 2023 or 2024 then you will have to remove the excess contribution as a regular distribution (without earnings or losses) by December 31, 2024, to avoid the 6% penalty for 2024.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
AJSR111
New Member
yllomsnewo
New Member
Ashley3191989
New Member
Don Clark
Returning Member
millbemis
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.