You will enter the amount distributed to you in box 1 ($97) and $0 in box 2a. Yes, codes P and J apply since you removed a contribution for 2022 in 2023.
If you removed the full Roth IRA contribution then you don’t have to enter the Roth contribution in the IRA contribution interview. Another option is to enter the Roth contribution in the IRA contribution interview and enter the full excess contribution amount removed (ignore the loss) on the penalty screen ($105).
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select “Roth IRA”
- Continue until the penalty screen and enter the excess contribution amount withdrawn.
@professorg
@adychn
Yes, if you removed the full Roth IRA contribution then you don’t have to enter the Roth contribution in the IRA contribution interview (saying you didn't make any Roth IRA contribution). Another option is to enter the Roth contribution in the IRA contribution interview and enter the full excess contribution amount removed (ignore any losses and earnings) on the penalty screen.
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