dmertz, thank you for all your help. I managed to remove the excess contributions from the Roth. I have some follow-up questions.
1. I only received a letter from Fidelity indicating the excess contribution with a loss amount captured. So far so good. But the letter states that a 1099-R will be mailed to me next January (i.e.2023). Is that correct?
2. Can you please let me know how to go about filing an amendment invoking section 301 as I had filed my tax returns before April 2022? My understanding is that it is very doable as a DIY exercise.
3. Also, wouldn't I need the updated 1099-R for that? Right now, I have no record of 1099-R indicating that it was an over contribution. I have a third party that generates the 1099-R for me with regards to the roll over of the money from the after-tax to the Roth IRA. Should I be reaching out to them to generate a 1099-R for this excess contribution or does this fall under Fidelity since the Roth IRA is with them?
Thank you.
