Have taxpayer who has excess Roth 2020 contribution due to zero Schedule C net income that was not expected at time of Roth contribution. Taxpayer plans to withdraw Roth contribution before tax deadline.
How do I show in Proseries?
Do I still input the Roth contribution, but where to show expected withdrawal? I know the related income needs to be reported on tax return -- who determines that, the broker or taxpayer (us)?
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the contribution is listed on line 19... the amount withdrawn before due date of return is line 25
the contribution is listed on line 19... the amount withdrawn before due date of return is line 25
Thank you! I feel silly that I missed line 25 since I thought I read the lines on input screen before posting question.
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