Get your taxes done using TurboTax

1) The withheld tax has to be reported on your 2024 return since the  withheld tax is applied to the year it was withheld. Therefore, you can delete the withheld tax entry in box 4 when you enter it on your 2023 amended return if it gives you an error.  Please be aware that you cannot e-file a 2023 amended return. You need to print and mail it. Please see Can I e-file my federal Form 1040-X amended return?

You will need to add the 2024 Form with P and J also on your 2024 return to get the withheld taxes applied to 2024. The 2024 code P will not add anything to your income in the 2024 tax return but the withholdings will be applied to 2024.

2) Please make sure you indicate in the IRA contribution interview that you withdrew the excess contribution by the due date:

1. Click on "Search" on the top right and type “IRA contributions”
2. Click on “Jump to IRA contributions"
3. Select “Roth IRA”
4. Enter the Roth IRA contribution
5. Continue until the penalty screen and enter the excess contribution amount withdrawn.

Also, make sure you entered the earnings from box 2a on the "Did you use your IRA to pay for any of these expenses?" screen:

1. Click on the "Search" on the top right and type “1099-R” 
2. Click on “Jump to 1099-R”
3. On the "Which year on Form 1099-R" screen say that this is a 2024 Form 1099-R.
4. Click "Continue" after all 1099-R are entered and answer all the questions.
5. 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".

To confirm your Form 1099-R entry shows code P and J? If yes then you can ignore that the box "If box 7 code is 2 or 5, check if the distribution is from a Roth IRA" is checked.