Thank you for your answers. Here are some follow-up comments and questions.
A. I already ran the disk cleanup, deleted all the cookies etc. and rebooted the laptop and tried but the issue of $1 showing up on Line 54 persists. Interestingly on Line 54 where additional details are shown such as a button for the explanation, a code like RC, the amount there correctly shows $1000, it just doesn't populate in the line 54 box and because of it, Line 55 doesn't calculate the taxes. Looks like a bug in Turbo Tax 2023. How do I report this to ensure the problem is fixed?
B. Let's say I create a Form-1099 R myself for 2023, if I use distribution code of P (as you suggested), is that distribution code considered for "prior year" (i.e., 2022) or for 2023 (current year)?
C. Further, the investment firm has already said that for tax year 2024, they will issue a Form-1099 R for that excess contribution/earnings removal with a code 8...Am I going to be taxed again for that $1010 in 2024 (although using (B) above, I would have paid taxes in 2023 itself)?
Thanks again,
