@dmertz @macuser_22 thank you both for your replies. To follow up...
I've just received an update from my Roth IRA custodian. The contributions have been reported as excess removal/returned contributions but I will receive only one 1099-R reporting both the 2020 and 2021 returned contributions next year in Jan 2022.
What should I do in this specific case? My Roth IRA custodian was kind enough to provide me with four amounts: the 2020 contribution and the interest earned as well as the 2021 contribution amount and the interest earned on that portion.
I know this may require repeating some of the above mentioned information, but I just want to be sure that I correctly understand what to do. Could you please list step by step what I should do in this specific case? And what I should input into Turbo Tax. Please list out each step. (I'm under 59) Thank you.
