topic Entire amount of excess contribution to Roth IRA incorrectly marked as taxable. in Get your taxes done using TurboTax

Entire amount of excess contribution to Roth IRA incorrectly marked as taxable.

nan68 — Mon, 23 Feb 2026 16:51:14 GMT

I have incorrectly contributed $8000 to Roth IRA directly (I should have done a backdoor Roth instead due to income limit). So I withdrew it as soon as I found out, a total of $8002.07). I got a 1099-R that clearly states taxable amount (2a) as $2.07. the form has two codes (8J). When I check my finalized tax return 1040, I found that the entire $8002 is taxable. How do I fix this?

Re: Entire amount of excess contribution to Roth IRA incorrectly marked as taxable.

nan68 — Tue, 24 Feb 2026 02:20:53 GMT

I'd say this is a bug in Turbo Tax. The taxable amount of $2.07 is already reported in the form 1099-R, it should simply use it. Does anyone know how to fix this situation? This simply backs out an excessive contribution. Even if I made a withdrawl from my Roth IRA, I should not be taxed because I am only withdraw the contribution, not the earnings.