This time last year I thought it was a great idea to open and fund a Roth IRA and contribute $6000 for 2019 and $6000 for 2020. The catch is, I'm on disability and didn't have earned income. I was told by an advisor that I needed to get the money out of the Roth and initiate a Return of Excess with Fidelity. Before I could get it out, the securities had a $1200 gain.
I was told I need to report this to the IRS on my 2020 taxes. How do I do this in Turbo Tax for this year, even though I won't get the 1099 until next year.
