Thanks again Dana. I was able to correct that now.
All that shows up on Form 5329 now is in Part I where it shows the Earnings on the excess contribution plus nothing now in Part IV. Does that seem right.
Conceptually it seems to me I made an excess contribution, but then I withdrew it and its earnings, so it is like the excess contribution never happened. Other than paying the taxes on the earnings. Does that sound right?
How does the IRS know you withdrew the excess contribution and earnings?
Also there is another section in my return: "Additional Information From 2024 Federal Tax Return" where I state I made an erroneous contribution but I have removed it before the filing date. Do I leave that there - it is linked in the forms then to 1040-SR Line 4a.
Glad I found the Community! Thank you.
