I made $6000 contribution to Roth IRA during 2022. I realized that my income exceeded the limit to contribute to Roth IRA. I recharacterized Roth IRA to Traditional IRA (in Tax Year 2022) before filing my 2022 taxes. However, due to profit on the original $6000 contribution, my recharacterization was $7002. This resulted in excess contribution of $1002 to my 2022 Traditional IRA, which I just realized this now. I have received 1099-R from Vanguard (line 2a Taxable Amount is 0).
What do I need to do now? Should I move the excess $1002 contribution to 2023 Traditional IRA? Do I need to pay 6% penalty on the excess (for 2022) and do I need to amend 2022 return?
