If you make $8,000 contributions to both the traditional and Roth IRAs and make no corrective distribution, you have an $8,000 excess contribution, deemed by the tax code to be in the Roth IRA. However, because returns of contribution are not required to be distributions of excess contributions, you could obtain a return of contribution of the $8,000 traditional IRA contribution made for 2024, leaving you with a combined total of $8,000 of contributions, all in the Roth IRA, and no excess contribution.
