@DanaB27 Thanks a bunch for the guidance.
Yes, I made an excess contribution of 1800$ for tax year 2020 that I did not remove by the filing deadline (I thought I did but the code 8 & J indicated that my broker withdrew the excess for tax year 2021 instead).
So now I have 1800 removed for tax year 2021 but will need to request an additional 4200 to be removed also for tax year 2021. With my 1099-R already reporting an initial 1800 excess removed for tax year 2021 that I did earlier last year, how should I report the additional excess removal for the same tax year but performed in 2022 (as I won't get the form from my broker until 2023 otherwise)?
Also, for some clarification, the 6% I need to pay for tax year 2021 due to excess contribution in tax year 2020 will be applied to my tax year 2021 returns? And the other 6% penalty will be applied when I amend my tax year 2020 returns?
In order to avoid 6% penalty (on excess from 2020) yet again in 2022 tax year, I just need to remove the 1800$ excess contribution calculated for tax year 2020 as a regular distribution in 2022? - in other words I should NOT be asking my broker to remove an excess contribution?
Lastly, the excess carryover you referred to, I didn't explicitly do anything like that, but is that an option to apply an excess contribution from one tax year to another to avoid penalties?
Thank you so much for your help and time.
