I exceeded my Roth IRA contribution limit for 2019, and then withdrew the contribution. Should I enter the original contribution amount when asked for 2019 contributions?

ajbotelho24 · ‎March 24, 2020

MaryK4 · ‎March 24, 2020

If you made the withdrawal, you can either subtract for your annual contribution- or enter the full amount and TurboTax will tell you you were over and ask if you are going to withdraw the excess so the additional penalty is not added.

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macuser_22 · ‎March 24, 2020

If you remove the contribution then there is no reason to enter it at all since Roth contribution do not go on a tax return.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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I exceeded my Roth IRA contribution limit for 2019, and then withdrew the contribution. Should I enter the original contribution amount when asked for 2019 contributions?