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Get your taxes done using TurboTax
To confirm, your 2023 Form 1099-R has codes P and J to indicate the withdrawal of excess contributions plus earnings?
If yes, and if you did not have any tax withholdings in box 4 and 14 then you do not need to enter it on your 2023 return.
On your 2022 return did you enter the excess amount as withdrawn by the due date on the penalty screen (TurboTax should have told you how much was excess contribution)? If you entered it correctly your 2022 return should not have Form 5329 part IV filled out.
The earnings reported in box 2a must be included on your 2022 return. If you did not create a Form 1099-R when you filed your 2022 return then you will need to amend your 2022 return and add the 2023 Form 1099-R with code P and J. Do not change the amount in box 2a. You can check you Form 1040 line 4b if the amount in box 2a was included on your 2022 return.
Please see How do I amend my federal tax return for a prior year?
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