Deductions & credits

Thank you very much, @dmertz .  The rule of thumb is very helpful.  Since I already contributed $6,000 to my 2022 contribution limit, I think I will withdraw my $6,000 contribution between October 15 and December 31.  Since my wife has not yet done a 2022 contribution, I'll see if it makes sense to use that towards her 2022 contribution and fill out Form 5329.  

 

For me specifically, is this plan correct?  I will pay the 6% ($360) excess contribution penalty with my 2021 tax return, and then after October 15, 2022 but before December 31, 2022 obtain a regular distribution to my non-retirement investment account of exactly $6,000 with no adjustment for gain, eliminating the excess for 2022 and beyond.  This would avoid the tax and penalty on the gains and let them grow tax-free.  I would still have to pay ordinary income tax on the $6,000 distribution, and a 10% early withdrawal penalty on it for 2022 taxes, correct?  Do I need to complete any extra forms for this plan?