@fanfareThank you for the reply! Pursuant To, I was aware of but thank you again.
... to get the earnings out you have to use the custodian's form "excess plus earnings" even though your IRA contribution is permitted. This is the rule for removal before the tax due date (including extensions).
This is well after the tax due date with the refund in hand and for the Traditional IRA I did take a deduction. But once I discovered the error, I promptly (as in 1 business day) redid the taxes far enough to get a solid estimate of tax due and made an on-line payment to the IRS which should minimize any remaining negative outcome regardless of another few hundred worth of earning to report. I was already overpaying my work related taxes for the 2024 in anticipation of non taxed money that will be coming in, so that should handle any small residual tax due.
By "custodian's form", are you talking about the investment company's form or a form in TurboTax? So far no such form has appeared from the investment company but they did calculate the excess and reversed the Roth contribution along with the excess, it's easy to see in the account history and easy to capture for supporting documentation. Since I have to report the earning for the 2023 return, I just need to be sure that some future 1099 doesn't duplicate the same earnings for taxation in 2024.
Just to sum up the situation again: A mistake on my part resulted in a rise in reported income;
The Roth became ineligible so it had to be withdrawn (with earnings),
The Traditional was allowed but due to income could not be used for a deduction and will be removed (with earnings) as change of mind.
The paragraph from the IRS publication didn't specifically say how to report the earnings (or I haven't read far enough). I thought worst case, for both the Roth and the Traditional, I'd report it as miscellaneous income with detail.
