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Does the initiation of excess funds removal count toward 2023's filing?
Today (4/15/23) I initiated an excess funds removal from my traditional IRA. I did this because while I was filing my taxes yesterday I learned that I would be penalized for a contribution that's greater than my income. I have not completed filing my taxes just yet, but I plan to today. And, the bank with which I initiated the removal said the removal will not be complete for about three days.
I'd like to not report the contribution on my filing since the initiation happened today, but will the date of initiation be honored?
If that will be a problem, can I file an extension so that the funds removal will definitely be done before the October deadline? If I go this route, would I need to pay the IRS the 6% penalty when I file the extension? And would that payment be refunded to me after I eventually file?