If you took a regular distribution for the 2023 excess contribution then you will get a 2025 Form 1099-R with code J and this will be entered next year on your 2025 tax return.
Next year on your 2025 tax return:
- Click on "Search" on the top and type “1099-R”
- Click on “Jump to 1099-R” and enter all your 1099-Rs
- Click "Continue" on the "Review your 1099-R info" screen
- Answer all the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen
- On the "Do you have any Excess Roth Contributions" answer "Yes"
- On the "Enter Excess Contributions" screen enter the total excess contribution from 2023.
Entering the 2025 Form 1099-R with code J with resolve the 2023 excess contribution.
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