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June 1, 2019
Solved

I over-contributed $1000 to both traditional and roth IRA. I took a withdrawl of $1000 from the traditional but turbotax thinks I took it out of the Roth. How to fix?

  • June 1, 2019
  • 1 reply
  • 0 views
I don't want to have the $1000 count as a deduction because I withdrew it.
Best answer by fanfare

if you removed your excess this year you won't have a 1099-R.

Do not take a deduction for IRA contribution that you wish to reverse.

1 reply

fanfare
fanfareAnswer
Employee
June 1, 2019

if you removed your excess this year you won't have a 1099-R.

Do not take a deduction for IRA contribution that you wish to reverse.