To confirm you show the reduced deduction on your 2023 Schedule 1 line 20 since you removed the excess from the traditional IRA.
Yes, the earnings are taxable in 2023 and if you show the earnings on line 4b of your 2023 Form 1040 then you you do not need to amend.
Yes, the Form 1099-R with code 8 showing the taxes withheld will be entered on your 2024 return. The one with code P you can ignore for 2024 but if you entered it already you don't need to delete it since code P tells TurboTax to ignore the income for 2024.
@settlersbanjo
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
