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Turbo Tax is saying I received a withdrawal of an excess traditional IRS contribution from 2023 or a previous year. No IRA before 2023. Why is it telling me this?

 
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ThomasM125
Expert Alumni

Turbo Tax is saying I received a withdrawal of an excess traditional IRS contribution from 2023 or a previous year. No IRA before 2023. Why is it telling me this?

That would occur if you had a code "P" in box 7 on your Form 1099-R. You should check that and make sure you enter the form correctly.

 

 

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