I have an excess of 6000 Roth IRA in 2019, when I prepared the tax return in Feb 2020, I found that so I withdrew that 6000 in Feb 2020. That was the first time I need handle and didn't know I need to withdraw the earning too. This year I received the 1099R with the code J, so I called my financial institution and requested a recode, but they said they can't. I do the calculation the total contribution and earning is $7391. The $6000 withdrawal on Feb 2020 may including the 2019 contribution: $4870 and the earning $1129. That means I still have $ 1392 excess contribution for 2019 tax year. What do I need to do for my tax return? Prepare a substitution 1099R, instead of using the one financial institution sent to me, amended my 2019 tax, and pay the 6% of the excess 1392 and the earning of 1129, and then report the excess 1392 on 2020 tax and also withdrew the excess and the earning ASAP.
Or just treat that as ordinary distribution, pay more tax? I know it's a little complicated.
