472094
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I contributed to IRA less than I reported on last year tax. How I make a correction on this year tax?

On the 1040 I reported contributed $3,000to IRA, then later in June I withdrew from IRA $1,500. How do I make correction on this year tax?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I contributed to IRA less than I reported on last year tax. How I make a correction on this year tax?

You should have been sent a 1099-R for the $1,500 your withdrew in 2017. That information is entered under the Retirement Plans and Social Security section. It sounds like this would be considered an early withdrawal.

View solution in original post

1 Reply

I contributed to IRA less than I reported on last year tax. How I make a correction on this year tax?

You should have been sent a 1099-R for the $1,500 your withdrew in 2017. That information is entered under the Retirement Plans and Social Security section. It sounds like this would be considered an early withdrawal.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question