Get your taxes done using TurboTax

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.

To create a Form 1099-R in your 2022 return please follow the steps below:

1. Login to your TurboTax Account 
2. Click on the "Search" on the top right and type “1099-R” 
3. Click on “Jump to 1099-R”
4. Answer "Yes" to "Did you get a 1099-R in 2022?"
5. Select "I'll type it in myself"
6. Box 1 enter total distribution (contribution minus loss)
7. Box 2a enter $0
8. Box 7 enter J and P
9. Click "Continue"
10. On the "Which year on Form 1099-R" screen say that this is a 2023 Form 1099-R.
11. Click "Continue" after all 1099-R are entered and answer all the questions.

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). 

1. Click on "Search" on the top right and type “IRA contributions”
2. Click on “Jump to IRA contributions"
3. Select “Roth IRA”
4. Continue until the penalty screen and enter the excess contribution amount withdrawn.