In 2022, I started contributing to a Roth IRA. However, due to a change in circumstances (I changed jobs and got a sign on bonus), I exceeded the income limit for 2022. Our MAGI as married filing jointly is $222,537 which is greater than the cutoff of $214,000. I am reviewing my tax documents and my contributions in 2022 were $1000. However, I also withdrew $1975 from the account when I moved apartments, so form 1099-R reflects $1975.00 in box 1 with a distribution code of J in box 7. The correct way to withdraw money would have been to remove excess contributions which would have carried a distribution code of 8 for excess contributions. My question is, do I have to have form 1099-R corrected to reflect code 8 or is it ok to reflect code J only as you can see, I pulled more out than I contributed in 2022?
