I contacted the financial institution and after some searching, the contribution was characterized as a 2022 contribution, although I thought it was entered as 2021 at the time (could have been characterized as being contributed in either year given the contribution date). Given this, I think I will go with the plan to enter a Form 1099-R now to avoid amending my 2022 tax return in January 2024 when the 1099-R arrives. I will list the total distribution in Box 1, enter $0 in Box 2a, and enter J and P codes in Box 7. I will list the withdrawal of the excess contribution amount on the Penalty Screen to avoid having the 6% penalty calculated (listing the full contribution amount as withdrawn). Does that seem right?
