Retirement tax questions

Was your excess deferral in 2022 or 2023?  You code have Codes P and 8 if the excess deferral occurred in 2023, or Codes P and 1 if the excess deferral occurred in 2022.  To create a 1099-R in your 2023 return for return of excess IRA contribution, please follow the steps below:

1. Login to your TurboTax Account 
2. Click on the Search box on the top and type “1099-R”
3. Click on “Jump to 1099-R”
4. Answer "Yes" to "Did you get a 1099-R in 2023?"
5. Select "I'll type it in myself"
6. Box 1 enter total distribution (contribution plus earning)
7. Box 2 enter the earnings
8. Box 7 enter P and J (for Roth IRA) or 1 (for traditional IRA) 
9. Click "Continue"
10. On the "Which year on Form 1099-R" screen say that this is a 2023 1099-R.

You will not have any additional tax or penalties; you're just reporting.

Here's more discussion on Removing Excess IRA Contributions.