Thank you. I calculated that the earnings on my $800 excess contribution to be $50. Accordingly, I will make an $850 distribution ($800 + $50 in earnings) from my Roth IRA before I file my 2024 taxes and include the entire $850 as income on my 2024 Tax Return.
Question - Where do I record the $50 earnings on my 2024 Tax Return? The $800 already shows up on line 4b of my 1040 titled "Taxable Amount" so I am covered there, but I am not sure where to record the $50 of earnings that I calculated.
Thank you!
