A bit of a similar situation here with some added complexity. I had accidental excess contributions to a Roth IRA in 2022 and 2023. Unfortunately, I didn't recognize the issue until March 2024 when I withdrew the excess for 2022 ($660) and the excess plus earnings for 2023 ($4952 with $623 being taxable). Now I have two 1099-Rs. One showing the $660 with distribution code J and the other showing the $4952 with distribution codes JP.
How do I proceed? I assume, but am not certain, that I file the $660 1099-R with my current year's taxes (2024) and file the $4952 1099-R with an amended return for 2023. Since I did withhold federal income tax I understand from other guidance that I also need to file the 1099-R with my current year's taxes.
To add further complexity, I'm confused how to proceed with amending my state returns to reflect the $623 in taxable income since, unfortunately, we also moved in 2023 and had to file state taxes with both DC and Maryland. How would I handle amending those returns? Would I split the taxable amount evenly between the two? By the time I withdrew the $4952 in March 2024, we were living in Maryland if that helps at all...
@DanaB27
