I'm in the exact same position as @radzik - overcontributed to Roth IRA in 2023, then timely corrected in Jan 2024 (before 2023 filing deadline), and now need to report earnings in 2023 AND I wish to avoid amending my 2023 return in the future.
1) What I have gathered from above threads is to create a 1099-R for tax year 2024 with P and J designations. The P designation is prior year (from 2024), so that would be 1099-R for 2023 as @fanfare stated, is that correct?
2) This should also prevent the need to file form 5329, correct?
3) Lastly, how do I answer the IRA question interview? Do I state zero IRA contribution or state the over-contribution amount?
Thank you.
