@fanfareHi, I'm just double checking to make sure I don't mess this up, especially since I asked about both Roth and Traditional removals.
I deleted the Roth contribution in TurboTax for the amended return. I entered the earnings (from the Roth excess contribution removal) as other income with an explanation. So, it's essentially its as if the Roth contribution never happened (with the caveat that I have to pay tax on the earnings the excess contribution generated while in the Roth account)
I believe your answer is telling me I need to do the same thing for the removing the allowed Traditional IRA contribution.
Have the Investment Company remove the Traditional contribution and the calculated earnings.
Delete the Traditional Contribution from TurboTax
Report the earnings as other income for 2023
If my understanding is correct then I'm good to go.
Thanks so much to you and @dmertz for the advice!!
BTW - Side note
The end result of dry running this in TurboTax; is that while I have to pay a little tax on the removed earnings, removing the excess $7500 Roth contribution also deleted a tax of $450 on form 5329t. It's nice that something positive results.
