Yes, but you will need to enter that you withdrew the excess contribution on the penalty screen during the IRA contribution interview:
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select “Roth IRA”
- Enter your contribution
- Continue until the penalty screen and enter the excess contribution amount of $7,000 as withdrawn (without earnings).
Yes, the entries would be correct for Form 1099-R. Yes, you can ignore Form 1099-R with codes PJ when you get it in 2023 since you already reported it.
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