I & my husband made an excess Roth IRA contribution in 2021, while filling my income tax during March 2022, turbo tax premier caught it. I contacted my financial institution and removed the excess. I have a loss and my husband has earnings. My financial institution says I won't receive 1099R until Jan 2023, so I need to pay for my husband earnings for 2021 income tax return.
For me I had a loss, which code do I use? I made contribution on January 2021 and I reached 60 years old on December? So will I still pay 10% penalty?
