For the tax year 2022, I made a $6000 contribution to both Traditional and Roth IRA separately. Later, I found that this was a combined limit of only $6000. Hence, I called fidelity in 2023 before April 15th and they returned the excess Traditional IRA contribution. But they told me that they would send 1099-R for the return only next year. For the tax year 2022, they have sent form 5498 both for the Traditional and Roth IRA.
The question I have is, how do I enter the removal of the excess contribution for 2022 now when I file the tax. Now that Fidelity notified IRS on the contribution of both Traditional and Roth IRA, need help on the below
1. How do I enter the contribution of both the traditional and Roth IRA in the deductibles section?
2. How to enter the removal of excess contribution of Traditional IRA (not and Roth IRA) without receiving the 1099-R for this year from the brokerage ? Please send the complete details on entering for all the fields.
