Yes, you can report excess contributions and earnings rem...

When do I report the taxes withheld from a withdrawal for excess contribution into Roth IRA?

I withdrew the excess contribution and earnings in 2018 for a 2017 contribution. I also had taxes withheld. Do I report the earnings in 2017 and taxes withheld for 2018?

posted

Yes, you can report excess contributions and earnings removed on your 2017 return, and taxes withheld on your 2018 return.

Here's more info about how to do that:

https://ttlc.intuit.com/replies/6454292

Edited 4/13/18 1:08 pm

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I have small business . TT let me contribute to 401K solo and SEP IRA. Why it did not allow me to contribute to ROTH IRA saying I do not have earned income.?

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When do I report the taxes withheld from a withdrawal for excess contribution into Roth IRA?

When do I report the taxes withheld from a withdrawal for excess contribution into Roth IRA?

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