natethebait6600
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So I will leave my contribution as $6,208, then the next box is "Enter Excess Contributions" - If I enter $208 it shows I owe the feds $12 because of the 6% tax...
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Thank you, this is really helpful information@macuser_22! So to amend, I would just add the 1099-R I received to my 2019 return and leave it off of my 2020 retu...
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Sorry, these are different questions but they seem to have blended together. 0.00 and JP.
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Yes, I received a 1099-R for 2020. 2a has 0.00 and box 7 has J & P.
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Thanks for the reply@ThomasM125, let me clarify the situation a little more. To start off, I'm asking this because when filing this year, TurboTax is informing ...
Activity Feed for natethebait6600
- Posted Re: If I contributed $6,208 to a Roth IRA and then exchanged the excess to lower my total to $6,0... on Retirement tax questions. February 5, 2021 5:37 PM
- Cheered Re: If I contributed $6,208 to a Roth IRA and then exchanged the excess to lower my total to $6,0... for macuser_22. February 5, 2021 5:25 PM
- Cheered Re: If I contributed $6,208 to a Roth IRA and then exchanged the excess to lower my total to $6,0... for ThomasM125. February 5, 2021 5:07 PM
- Posted Re: If I contributed $6,208 to a Roth IRA and then exchanged the excess to lower my total to $6,0... on Retirement tax questions. February 5, 2021 4:55 PM
- Cheered Re: If I contributed $6,208 to a Roth IRA and then exchanged the excess to lower my total to $6,0... for macuser_22. February 5, 2021 4:49 PM
- Cheered Re: If I contributed $6,208 to a Roth IRA and then exchanged the excess to lower my total to $6,0... for macuser_22. February 5, 2021 4:49 PM
- Posted Re: If I contributed $6,208 to a Roth IRA and then exchanged the excess to lower my total to $6,0... on Retirement tax questions. February 5, 2021 4:35 PM
- Cheered Re: If I removed the excess contribution from prior years before filing my return can I enter $0 for "Your Excess Roth IRA Contributions for Prior Years?" for macuser_22. February 5, 2021 4:34 PM
- Posted Re: If I removed the excess contribution from prior years before filing my return can I enter $0 for "Your Excess Roth IRA Contributions for Prior Years?" on Retirement tax questions. February 5, 2021 4:33 PM
- Posted Re: If I contributed $6,208 to a Roth IRA and then exchanged the excess to lower my total to $6,0... on Retirement tax questions. February 5, 2021 4:14 PM
- Cheered Re: If I removed the excess contribution from prior years before filing my return can I enter $0 for "Your Excess Roth IRA Contributions for Prior Years?" for macuser_22. February 5, 2021 4:13 PM
- Cheered Re: If I contributed $6,208 to a Roth IRA and then exchanged the excess to lower my total to $6,0... for ThomasM125. February 5, 2021 4:13 PM
- Posted Re: If I removed the excess contribution from prior years before filing my return can I enter $0 for "Your Excess Roth IRA Contributions for Prior Years?" on Retirement tax questions. February 5, 2021 4:12 PM
- Posted If I removed the excess contribution from prior years before filing my return can I enter $0 for "Your Excess Roth IRA Contributions for Prior Years?" on Retirement tax questions. February 5, 2021 3:41 PM
- Posted If I contributed $6,208 to a Roth IRA and then exchanged the excess to lower my total to $6,000, should I enter the $6,000 for my Roth contribution or the $6,208? on Retirement tax questions. February 5, 2021 3:35 PM