turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Report excess IRA Contribution again, or is it fixed?

Made an excess contribution to both my wife's and mine Roth IRA's in 2015....Didn't realize until mid year 2016....Removed the excess contribution and interest from the accounts.  Received a 1099-R for both our accounts, when I went to enter in TT 2016 it advised I needed to amend my 2015 year return...Which I did, entered both 1099-R printed and mailed in a payment....
Back to doing my 2016 taxes, in the Roth IRA section they ask me to enter "Excess Roth IRA contributions for prior years"...Do I put this amount their again?  Or do I put zero since I corrected and amended my 2015 return to address the excess contribution?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
dmertz
Level 15

Report excess IRA Contribution again, or is it fixed?

You enter zero (or leave it blank).  Because you resolved the excess contributions for 2015, you have not carried any excess contributions into 2016.

View solution in original post

2 Replies
dmertz
Level 15

Report excess IRA Contribution again, or is it fixed?

You enter zero (or leave it blank).  Because you resolved the excess contributions for 2015, you have not carried any excess contributions into 2016.

Report excess IRA Contribution again, or is it fixed?

dmertz....Thanks so MUCH!

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question