Wolf Larson
Returning Member

Withdrawn Excess Roth IRA Contributions

I made $7k excess Roth IRA contributions in 2021.  I just contacted my broker and this contribution has been withdrawn and moved to a non-retirement account in kind.  I did not elect to withhold any earnings because the exact amount could not be determined.  Rather I was advised to wait for the 1099-R to come next year and file an amended return to account for the earnings.  My questions are these:  1. Under "Enter your Roth IRA Contributions" do I enter the $7k?  2. Under "Enter Excess Contributions" do I enter the $7k? Thanks!