Hi MinhT1,
I run into a similar situation and I have filed tax extension already in 2022.
I opened Roth IRA and made excess contribution ($5000) in 2021. However, I didn't have any earnings but lost. So I only get 5498 form for Roth IRA where my market value is lower than my contribution. Today I just sold everything in Roth IRA and transferred money out. Since I lost money, the transferred amount is less than my contribution. My broker (Fidelity) says I can only get 1099R in 2023.
May I ask what to do in this situation using Turbotax? Can I report the lost in Roth IRA to reduce the earnings in 1099 from other brokerage account?
Thanks in advance!
