You'll need to sign in or create an account to connect with an expert.
Also, it said I paid too much last year and took out a penalty on me.
You must amend your 2022 tax return to remove the penalty originally reported on Form 5329. Your corrected Form 5329 needs to have zeros where there were previously dollar amounts in Part IV.
In 2023 TurboTax you need to go through the Roth IRA contribution section and tell TurboTax by deleting the amount carried over that you made no excess Roth IRA contribution in previous years.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
frustration811
New Member
bigjon1452
Level 1
Questionasker
Level 4
Boomhauser
Level 2
tocguy
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.