Skip to main content
February 4, 2023
Question

Software claims i received an excess withdrawal of a traditional ira contribution. i did not. how do i correct this error?

  • February 4, 2023
  • 1 reply
  • 0 views
No text available

1 reply

Employee
February 4, 2023

It seems that you have mistakenly entered $0 in box 2a of TurboTax's 1099-R form.  You must enter the same amount in box 2a as is shown on the Form 1099-R provided by the payer.

 

If the distribution is not from an IRA, you have mistakenly marked the IRA/SEP/SIMPLE box on TurboTax's 1099-R form when it is not marked on the Form 1099-R provided by the payer.