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Deductions & credits
To avoid the 6% excess contribution penalty you will have to withdraw the excess contribution plus earnings by the due date of the 2022 return. This Form 1099-R with code 8 (if withdrawn in 2022) or code P (if withdrawn in 2023) and code J will have to be reported on your 2022 tax return. And the earnings will be taxable in 2022.
You made a regular distribution and received Form 1099-R with code J. Is the account empty?
If you removed all earnings then and the account is empty then it would be considered that you removed your excess contribution plus earnings and you can avoid the 6% penalty. Please remember the earnings are taxable in 2022.
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‎January 25, 2023
1:02 PM