@DavidS127 This was super helpful and clear. Appreciate all the help.
3 follow up questions:
1. I have asked my trustee to remove full contribution amount that turbotax showed me was my excess. Trustee assured I will get some sort of profit/loss statement based on investments. If there are earnings, do I need to remove those earnings from Roth IRA account as well?
2. Should any profit/loss info shared by trustee be reported in 2019 filing (assuming extension filed for Oct 2019)?
3. You recommended to amend 2019 Tax Return in early 2020 after receiving 1099-R. I have never amended my past returns. Does that amendment complicate anything for 2020 Tax Filing or have any implications of any sort?
