Deductions & credits

You will need to amend your 2022 return to report the taxable earnings earned.  To amend:

To amend your return using Turbo Tax Online.
 

1. Log into Turbo Tax
2. Select Scroll down Your tax returns & documents in your landing page.
3. Select Amend (change) 2022 return. 

To amend using the 2022 Desktop Software, go to:
 

1. Federal Taxes
2. Other Tax Situations>other tax forms
3. Amend a return

Once you are working in the return.

1. Inside TurboTax, search for 1099-R and select the Jump to link in the search results.
2. Answer Yes on the Your 1099-R screen,
3. Click on the box that you are creating a substitute 1099-R
4. Then select Continue.
5. In order to create a substitute 1099-R, you will need to obtain and name, address, and payer TIN as required so you can record the information properly on the form. You may need to contact Fidelity for this information or perhaps you can get information from their website.. 

The codes you will need for box 7 are J and P. Since this is a Roth IRA the only amount that is taxable are any earnings on the excess contribution. 

You would report the earnings in Box 2A as this amount is taxable. If you file this amendment, you do not need to report your 2023 1099R.

@NedTaxBux