If you sure that you had a loss then you can go ahead and file.
If you made the excess traditional IRA contribution in 2023 for 2023 and then withdrew it in 2024 then you will have code P and 1 on your 2024 Form 1099-R, and it will have to be reported on your 2023 tax return. Only the earning in box 2a are taxable on your 2023 return.
You can enter the 2024 Form 1099-R with the instructions mentioned in the previous post before you file your original return. If you had a loss then you will enter $0 in bx 2a.
If you had a loss then you do not need to amend the 2023 return since you do not have a taxable income to report.
[Edited 4/15/2024 | 9:37 am PST]
@annmarriott1
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