I made an excess Roth IRA contribution of $1790. After talking with my financial company, they thought it would be best for me to withdrawal the excess, since it's prior to the tax deadline to avoid paying 6% penalty. When they calculated the net income attributable (NIA), it was negative meaning I really only needed to withdraw $1667. However, when I entered this information on Turbo Tax noting $6000/year contribution but $1667 withdrawal, they still say that I owe a penalty for excess contribution and have to pay a fee on the difference between those two numbers ($1790 minus $1667 - avery small amount but still concerning me that something isn't being translated that I don't actually need to withdraw that full excess amount). I believe I need to complete a 1099-R to avoid having to amend taxes once I actually receive this form next year, but I'm not sure what values to enter with the odd situation of having a negative NIA? Also, will completing a 1099-R reconcile the numbers, so TurboTax understands that I shouldn't have to pay a penalty on the difference between those two numbers?
