Being taxed on post-tax contribution to Roth IRA

[fanfare]

1.     That is a satisfactory option.

2.     20b should be zero not $6,500.

Entering $6,500 will impact your eligiblity for NJ property tax relief.

@nbhardwaj 

[nbhardwaj]

Hi @fanfare , with your help, the matter is now resolved. I will edit NJ 1040 manually and then mail the forms. If it's of interest to you, here is the calculation Turbotax did to come up at $6019 as taxable income. Where do you think they're making a mistake? I'm going to contribute $7000 for both me and my wife before filing the taxes for 2024 hence line 1b is 14,000 (so that's correct). Also the initial deposit of $6500 became $6714.  In which line, are they diverging from our calculations so that I only get taxed for $214. Thanks so much for all your help.

[fanfare]

The numbers don't matter, the mistake is using that worksheet in the first place.

The worksheet does not apply to return of excess contributions to a Roth IRA.

As I said at the beginning, you have somehow told TurboTax you made a Traditional IRA withdrawal, which, according to you, is not the case.

@nbhardwaj