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After you file
An excess contribution to an IRA converted to Roth IRA becomes an excess contribution to a Roth IRA.
In the year of conversion, you would file Form 5329 Part III and Part IV, and in later years Form 5329 Part IV.
An after-return-due-date excess contribution is resolved by having the custodian give you a straight distribution of $1000 from your Roth IRA.
Therefore, wait until Oct 16, 2025 to take out the $1,000.
You will pay one year's penalty on an amended 2024 tax return.
2 weeks ago
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