Turbo Tax asking if I have done an excess contribution to Roth, but have already removed excess

Forum|Forum|4 years ago
May 2, 2021
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Hi Team,

Would appreciate any help on this question: I see a question about whether I have contributed an excess amount to a Roth IRA in 2020 or earlier. If I have done so, but already conducted a removal of excess and paid the additional fees, etc. then how should we address this in Turbo tax?

I imagine the answer is "No" because it was effectively removed from the record by conducting a removal of excess. Thanks for you help! @macuser_22 , @dmertz do either of you know?

TurboTax Deluxe Online

Best answer by macuser_22

If it has been removed then you do not have any outstanding excess so say no there is no excess.

macuser_22Answer

Employee

If it has been removed then you do not have any outstanding excess so say no there is no excess.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**