If you requested the withdrawal of the 2023 excess contribution plus earnings but received less because of a loss then you will enter the full excess amount ($300) as withdrawn on the penalty screen in the IRA contribution interview:
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select “Roth IRA”
- Continue until the penalty screen and enter the $300 excess contribution amount as withdrawn.
Only the earnings are taxable for a return of excess contribution distribution. Therefore, since you had a loss, your distribution will not be taxable.
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