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?
02452
2 Replies
MaryK4
Expert Alumni
Mar 24, 2020 8:33:40 PM
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.
macuser_22
Level 15
Mar 24, 2020 8:52:45 PM
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.