I made a 6000$ excess Roth IRA contribution in 2020 but only realized that I exceeded the limit in 2022.
In 2022, I amended the 2020 and 2021 returns and paid 6% penalty for each of these years.
I removed the 6000$ from my Roth IRA before the end of 2022 so I received a 1099-R with Code J in box 7.
(the broker did not calculate the taxable portion -- the 'taxable amount not determined' box is checked)
Reading Publication 590-A and many previous discussions on this website, the 6000$ early distribution should not be 10% taxed. the earning on the excess can be kept in the Roth IRA and are not subject to tax.
Can you please confirm if I should do anything else to correct the excess ( should I report the earning ? )
The second issue I have is that the TurboTax tool is automatically applying 10% tax on this 6000$ distribution, I can't figure out how I can mark it as non-taxable.
