Thank you for your question. This happens to a lot of taxpayers. Since you withdrew the excess contribution for 2022 you will be okay. You will need to file an amended 2022 tax return by October 15th in order to avoid the 6% penalty. The interview in the amendment will prompt you to enter how much you withdrew and when you withdrew it. We can help you with that if you need us. You will receive a 1099 R for the distribution in 2023. On the 2023 return you will report the contribution and the distribution for the 2023 excess contribution. Feel free to call us for assistance if you need help.
