Last year I contributed $6500 in Traditional IRA as Spousal IRA
but I decided to request excess Traditional IRA contribution removal because of my spouse income limit.
Only $400 can be deductible so I will ask to remove $6100 from last year my contribution.
Once It's done.
Then how much should I enter traditional IRA contribution in turbotax?
Just enter $400? or should I enter the full amount I contributed last year?
I tried entering the full amount but Turbotax didn't ask any kind of excess removal only asked like switch or recharacterization.
Thanks
You'll need to sign in or create an account to connect with an expert.
You should enter only the $400 contribution for 2023 that will remain in the Traditional IRA into your return.
You should enter only the $400 contribution for 2023 that will remain in the Traditional IRA into your return.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
vze56v6x
Level 2
sekrishnan
Returning Member
Hawkpilot
Returning Member
qofmiwok
Level 4
cislam123
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.