I would like some specific advice filling/generating the 1099-R while I wait for it from Fidelity. I have an excess contribution of 340 USD based on my MAGI. I requested Fidelity to return 350 USD on April 12th and don't think they will process it before the deadline.
To my questions:
1. I am assuming when I type in my Roth IRA contribution in TT, I specify the entire 6000 USD that I contributed?
2. Next, when I am filling out my 1099-R, what will be my gross distribution? Is it just the 350 USD? My Roth contributions luckily are sitting in my account and have not been invested yet (I transferred most of the money a few weeks back), so I don't think there are any earnings/losses on those contributions.
3. When filling Box 7, I read some instructions asking that to be specified at J and P. But Option 8 is "Return of contribution taxable in 2022". Why is this not applicable too? I am filing my 2022 taxes, I have requested a return of my 2022 excess contributions, so would this not be more appropriate, as opposed to J and P?
Thanks in advance for your help.
