You can check with your custodian but often financial Institutions will issue a 2025 From 1099-R with code 8 and J since you made the contribution in 2025 for 2024. A 2025 Form 1099-R with code 8 and J will be reported on your 2025 return.
Yes, if there was a loss then you have no taxable event but TurboTax will add an explanation statement to your return when you enter the Form 1099-R for the return of excess contribution.
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