1. Did you remove it before October 17, 2022? If yes, then you removed it in time and don't have to pay the 6% penalty on your 2021 tax return.
The 2022 Form 1099-R with codes P and J won't make any changes to your 2022 tax return except apply withheld taxes. It belongs on your 2021 tax return but since you had a loss there isn't a taxable event. Therefore, you don't need to amend your 2021 tax return.
2. Please try these instructions:
- Click “Deductions &Credits” on the top
- Click "I'll choose what to work on"
- Scroll down to “Traditional and Roth IRA Contributions” and click “Start”
- Select “Roth IRA”
- On the "Do you have any Excess Roth Contributions" answer "Yes"
- On the "Enter Excess Contributions" screen delete anything that was carried over.
@IM63
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