After you file

@rcom2023 

 

Be careful of "experts".

You do not have an excess contribution of $1,002.

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recharacterization: the original amount to the first IRA you report as contribution to the second IRA,

earnings move but are ignored.
You must use a trustee-to-trustee transfer before the tax return due date.
You will instruct trustee to calculate the allocable earnings.

report this on your tax return for the year during which the contribution was made.
Treat the contribution as having been made to the second IRA on the date that it was actually made to the first IRA.

 

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If you are allowed a 2022 deductible contribution to IRA,

You have a choice of deducting $6,000 (Schedule 1 Line 20), or electing it to be non-deductible (Form 8606).

The latter would be useful for converting $6,000 back into your Roth IRA.