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Level 2
posted Feb 16, 2021 9:55:37 AM

Return of Contribution - TurboTax 2020

I have requested a return of contribution on my traditional IRA from Fidelity because I'm not qualified to get a tax credit on my 2020 tax returns.  My question is do I need to enter the $6000 contribution on my 2020 tax return or no?  

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1 Replies
Expert Alumni
Feb 16, 2021 11:09:35 AM

No, if you withdrew the entire contribution then you do not need to enter the contribution.