1. June 2022 (prior to turning 72) I did a Roth conversion of $60K from my rollover IRA. I had not taken my first RMD yet at that point in time.
2. Fall 2022 I turned 72.
3. January 2023, talked to brokerage firm and they processed a Return of Excess in the amount required for the first RMD, about $16K. There was an earnings amount of $250. They said "The amount of earnings returned to you will be reported as taxable income for the year in which the excess contribution was made....This transaction will be reported in IRS Form 1099-R, which will be mailed to you next January. You may also be required to file IRS Form 5329 with your tax return."
So what do I need to enter on my 2022 return? What will I need to enter on my 2023 return?
