Get your taxes done using TurboTax

Generally, if you had excess contributions in earlier years then you will have to pay the 6% penalty for each year the excess stays in the Roth account. To remove an excess contribution after the due date you will take a regular distribution without the earnings. 

You can check if your 2022 return has Form 5329 part IV showing an excess contribution and penalty. If not, then it seems you removed the excess contribution. You should have a 2023 Form 1099-R for the withdrawal. If it had codes PJ and earnings in box 2a then it should have been reported on your 2022 tax return and you should have the earnings listed on line 4b of Form 1040. 

You can try these steps in TurboTax Online to get to the Form 1099-R entry if you request to withdraw the excess contribution for 2024 plus earnings before the due date:

1. Click "Wages & Income" (under Federal) on the left
2. Scroll down and click "Show more" next to "Retirement Plans and Social Security"
3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)" 
4. Answer "Yes" to "Did you get a 1099-R in 2024?"
5. Select "I'll type it in myself"
6. Box 1 enter total distribution (contribution plus earning)
7. Box 2a enter the earnings of $0
8. Box 7 enter J and P
9. Click "Continue"
10. On "Is the IRA/SEP/SIMPLE box on this 1099-R checked?" screen answer "No, the box is blank"?
11. On the "Which year on Form 1099-R" screen say that this is a 2025 Form 1099-R.
12. Click "Continue" after all 1099-R are entered and answer all the questions.
13. Continue until "Did you use your IRA to pay for any of these expenses?" screen and enter the amount of earnings under "Corrective distributions made before the due date of the return".

Please be aware, code P will say in the drop-down menu "Return of contribution taxable in 2023" but you can ignore that since the follow-up question will tell TurboTax that it will be taxable in 2024.

If you don't have any earnings it won't be bad that you don't enter the Form 1099-R since you don't have any taxable income to report but TurboTax adds an explanation statement when you enter a Form 1099-R for the return of excess contribution which will get sent to the IRS with your return.

Yes, you would enter it with your other business income.