If I over contributed to a Roth IRA in an Acorns account in 2019 by $1650 how can I correct it in TurboTax and how should I file the excess contributions and gains?

[gutster13]

I made too much money so I wasn't allowed to contribute anything to a Roth IRA for 2019. $1650 in contributions, $173.54 in gains, $25.63 in dividends.

[ReginaM]

To enter Roth IRA contributions in TurboTax:

1. Federal Taxes,
2. Deductions & Credits,
3. Retirement & Investments,
4. Traditional & Roth IRA contribution.

A Roth IRA contribution does not actually go on a tax return, but you should enter it anyway to:

1) Tell you if your income qualifies you for a contribution and warn you if it does not.
2) Check if your income exceeds the limit to contribute to a Roth.
3) Track your contribution year-to-year if you use TurboTax every year.

4) Add the Retirement Savers Credit if you qualify.

5) Track of your contributions through the years, and if you overpaid, or had pay back anything, it will keep track of it for you.