Lost2020
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Yes, the Federal Refund is 0 as you backed out the 1099-R. But open the Form 1040, is the same as before - no change to your refund amount.
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Thank you for the speedy response. Yes, the key is to ignore the Federal Tax and just go ahead let TurboTax does its work and click on the right year as you've ...
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Hi DanaB27I like to know if you can provide some details on the 2nd option -- "amend you 2019 tax return when you get the 1099-R". I'm the same situation where ...
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It is very helpful on your explanation for taking care the excess Roth contribution with 2 options. However, I did not see the 2nd option -- wait till later whe...
Activity Feed for Lost2020
- Posted Re: Excess Roth IRA Contribution on Get your taxes done using TurboTax. February 10, 2021 10:11 AM
- Posted Re: Excess Roth IRA Contribution on Get your taxes done using TurboTax. February 7, 2021 9:39 AM
- Cheered Re: Excess Roth IRA Contribution for DanaB27. February 7, 2021 9:34 AM
- Posted Re: Excess Roth IRA Contribution on Get your taxes done using TurboTax. February 7, 2021 8:54 AM
- Posted Re: Excess Roth IRA Contribution on Get your taxes done using TurboTax. February 7, 2021 8:03 AM