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Retirement tax questions
That is up to you. You can have the IRA custodian recharacterize the contribution plus earnings to a Traditional IRA that is treate as if the contribution was to a Traditional IRA and not a Roth or ask the custodian for a "Return of Contribution plus earnings" that returns the mony to you.
Either one will be reported (differently) on a 2021 1099-R next year.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
March 7, 2021
12:34 PM