I pulled $800 of what I thought were excess contributions from my Roth IRA prior to the 10/16/2023 extended filing deadline for tax year 2022, plus another $20 dollars in calculated earnings. Then I realized (based on my income), I only had $710 of excess contributions and had inadvertently pulled out an additional $90 plus associated earnings. I'm guessing I will get a 1099-R next year from my brokerage firm that lists the full $800 withdrawn as and excess contribution and $20 as earnings on this excess. I'm not sure how to best clean up my error?
I'm under 59-1/2 and have had the account for less than 5 years. Do I need to pay a 10% penalty on the earnings related to the extra $90 I pulled out? What is the best way to clean up the mess I've made?
Thanks!
