I over-contributed in 2021, meaning I contributing abour $2k over the $7k limit to my Traditional IRA, for a total contribution of about $9k. I correctly deducted $7k on my 2021 return, and then after I filed my 2021 return in April 2022, I realized that I over-contributed by about $2k. I was also contacted by the brokerage asking me to resolve when they noticed I went over the max. Yes, it's a Mickey Mouse brokerage, because any major brokerage would have not allowed it by some rudimentary programming. So I calculated the NIA , which was a loss (-$400), and told them to distribute the difference ($2,000-$400=$1,600) back to me. I have come across answers to others' similar questions which talks about filing an amended 2021 return, however I'm not sure that is the fix in my case, because I only claimed the $7k as my Traditional 2021 contribution, which was correct. The brokerage issued my 1099-R with a distribution code "P". Can someone tell me how to enter this $1,600 distribution on TT, and whether I do or do not need to amend my 2021 return? Thanks in advance!
