2086965
The contributions were $7000 each for me and my spouse. I realized while filing in 2019 that my income was too high to make any contribution in 2019 so I withdrew them both (and their gain) in January of 2020. The $840 penalty was included in my 2019 return. But when I answer the excess Roth IRA questions for previous years in the 2020 return, Turbo Tax tells me to amend the 2019 return, which tells me I owe the 6% penalty again. Doesn't seem right! Am I supposed to answer "Zero" to the excess contribution questions this year since I handled it last year?
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You should have received a 1099-R for the return of contributors. What code is in box 7?
P and J. I just amended my question to clarify my problem.
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