The allocable earning belong on your 2023 tax return.
If you don't want to have to amend, you should include that amount in your original 1040 filing Line 4b.
Nothing goes on your 2024 return, unless the custodian withheld income tax (yes it has happened to some people).
Search the forum for how to use 1099-R Code PJ to put that amount on your 2023 tax return.
There is no penalty so you don't need the form 5329.
@helpplease44
