dmertz
Level 15
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Unless Fidelity mistakenly recorded the Roth conversion as a regular contribution, it sounds like you simply have a reportable Roth conversion and a reportable regular Roth IRA distribution.  There would no penalty and, if it has been less than 60 days since you received the distribution from the Roth IRA, you should be able to roll this distribution back into a Roth IRA, subject to the one-rollover per-12-months limitation.

 

On what dates did these transactions occur?

Did you make any regular Roth IRA contributions for 2022 or for 2023?

 

You should check with Fidelity to see if they recorded the deposit into the Roth IRA as a conversion or instead as a regular contribution.  You should also check with them to see the type of distribution (code T or code J8, or maybe even code JP if they think that they returned a 2022 contribution) they will be reporting on the 2023 Form 1099-R.  

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