"Wait until you receive the 1099-R forms before you amend your 2023 tax returns. The 1099-R forms you receive will (hopefully) be coded properly and likely won't require you to amend. Since it will be a non-taxable return of your excess contribution plus your growth, only the growth will be taxable."
Would you please elaborate on the highlighted portion of your response and explain why I may not need to amend 2023 taxes. Considering that I have to pay another round of 6% penalty for "2022 carryover" with 2023 taxes and I would be doing 5329s for 2023 , would that affect your highlighted response in any way?
#KarenL
