- You would enter the 1099-R with the total distribution in box 1 (the contribution plus the earnings),
- The earnings in box 2a,
- Enter code "P" in box 7 (Top) - don t worry that it will say "taxable in 2023"
- Enter code "J" in box 7 (Bottom).
- On the "Which year" screen say that this is a 2024 1099-R.
In the follow-up questions you can indicate that you recharacterized the distribution, but you'll pay tax on the earnings in 2024.
Here's more info on Excess Roth IRA Contributions .
@hshah2026
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