Thanks for your reply. So to clarify, I spoke with Vanguard about my excess contribution. We moved the 7K contribution elsewhere. That leaves the earnings, about $530. Vanguard asked what percentage ("up to 99%) of the estimated amount to withdraw, stating that it would not exact; that the exact amount would come via the 1099-R. I was told it was just as easy to wait for the 1099-R. I'm not clear, though, if the 1099-R will already show the correct earnings amount as being withdrawn. It that the typical process - that the 1099-R will account for both the contribution and earnings?
