To clarify your question in your reply about the screen that I got while completing my return in TurboTax I did received the second one.
Yes I Received this Screen "When you can make a traditional IRA contribution but you cannot deduct it because you have have a retirement plan at work and your MAGI is to high (TurboTax will fill out Form 8606):"
We did not want to leave the funds in the IRA as Nondeductible because it causes you to have track the funds on Form 8606 so we requested the funds to be removed from the Traditional IRA as a distributions, J.P. Morgan called this an excess distribution request.
So do I have to report it as the Nondeductible IRA on Form 8606 my 2023 Tax return or can I delete the entry the same way you suggested I would for an excess IRA?
Then when I get the 2024 1099-R in 2025 I will have to add it to my 2024 return.
Please let me know If I am understand your message correctly?
Thanks, D
