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I did not specify that I had "received a withdrawal of an excess traditional IRA contribution". Why am I getting the "Explain Excess Withdrawal" prompt?

Forum|Forum|7 years ago
June 6, 2019
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Best answer by dmertz

This usually means that you mistakenly did not enter the same amount in box 2a as the amount in box 1 of a distribution from a traditional IRA reported on a Form 1099-R with code 1, 2 or 7 in box 7 and the IRA/SEP/SIMPLE box marked. The amount in box 2a of such a form must always have box 2a equal to box 1 and have box 2b Taxable amount not determined marked.

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dmertzAnswer

Employee

This usually means that you mistakenly did not enter the same amount in box 2a as the amount in box 1 of a distribution from a traditional IRA reported on a Form 1099-R with code 1, 2 or 7 in box 7 and the IRA/SEP/SIMPLE box marked. The amount in box 2a of such a form must always have box 2a equal to box 1 and have box 2b Taxable amount not determined marked.

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peterjohnlarsonAuthor

That was exactly it. Thanks @dmertz !!

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Alec1940

I'm receiving the same message and I assume the problem arises because I made a Distribution direct from IRA to charities which was slightly more than the RMD?

Alec

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RobertB4444

As @dmertz has suggested above please insure that box 2a and box 1 on the 1099-R that you entered into the system are the exact same amount.

@Alec1940

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Alec1940

They are the same. My question was what prompted the message about excess contribution.

But while I have your attention, should I include those charity contributions made directly from my IRA with the charity donations made directly from me in the "deductions and credits" area?