topic I rolled over my 401k to an IRA and TT is saying that I contributed too much and have to remove the majority of the funds in the IRA or I will have a penalty. Correct? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/i-rolled-over-my-401k-to-an-ira-and-tt-is-saying-that-i-contributed-too-much-and-have-to-remove-the/01/665211#M63351 Thu, 06 Jun 2019 09:55:12 GMT babsdechant 2019-06-06T09:55:12Z I rolled over my 401k to an IRA and TT is saying that I contributed too much and have to remove the majority of the funds in the IRA or I will have a penalty. Correct? https://ttlc.intuit.com/community/retirement/discussion/i-rolled-over-my-401k-to-an-ira-and-tt-is-saying-that-i-contributed-too-much-and-have-to-remove-the/01/665211#M63351 Thu, 06 Jun 2019 09:55:12 GMT https://ttlc.intuit.com/community/retirement/discussion/i-rolled-over-my-401k-to-an-ira-and-tt-is-saying-that-i-contributed-too-much-and-have-to-remove-the/01/665211#M63351 babsdechant 2019-06-06T09:55:12Z Do not enter this rollover anywhere under Deductions & Cr... https://ttlc.intuit.com/community/retirement/discussion/do-not-enter-this-rollover-anywhere-under-deductions-cr/01/665214#M63353 <P>Do not enter this rollover anywhere under Deductions &amp; Credits.&nbsp; Only enter the Form 1099-R and answer the follow-up questions.&nbsp; Go back and remove the entries that you made regarding this under Deductions &amp; Credits -&gt; Retirement and Investments -&gt; Traditional and Roth IRA Contributions.<BR /></P> Thu, 06 Jun 2019 09:55:13 GMT https://ttlc.intuit.com/community/retirement/discussion/do-not-enter-this-rollover-anywhere-under-deductions-cr/01/665214#M63353 dmertz 2019-06-06T09:55:13Z