I found out I was $547 over my allowable Roth IRA contribution due for 2022 tax year to Adjusted Gross Income. TurboTax said that in order to avoid penalty, I could withdraw a contribution and any gains from that amount for last year. I contacted my financial institution and asked them to remove one of my monthly contributions. I was contributing $583.33 each month. I just received a statement not a 1099-R, just a statement that they withdrew a contribution for 2022 tax year that totals $628.15 with gains on the that amount.
Now TurboTax has a window that asks me to enter "Contributions Withdrawn Before the Due Date". Since I have not filed for 2022, this is me but what amount do I enter here?
Do I enter the contribution amount of $583.33 that I withdrew or the whole amount with gains that I withdrew..i.e. $628.15?
Finally, the document says I will receive a 1099R next year? I thought I would receive one for the 2022 year so I could file that at the same time even though the actual withdrawl happened in 2023.
Can anyone help answer these? Can't find info on what value to put in the contribution withdrawn field.
