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TurboTax is stating my Roth IRA contribution of $7k is an excess contribution because it was higher than my earned income. I earned in excess of 7k at my job. Any help?

 
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1 Reply
KrisD15
Employee Tax Expert

TurboTax is stating my Roth IRA contribution of $7k is an excess contribution because it was higher than my earned income. I earned in excess of 7k at my job. Any help?

Please clarify, Did you enter your income first?

Did you make over the limit (Modified Adjusted Gross Income) for a full contribution?

Were there any deductions from your earned income? 

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