Retirement tax questions

Thank you again @dmertz  for your guidance—it’s been incredibly helpful.

I have a few follow-up questions about the withdrawal process (screenshot attached):

  1. Federal Income Tax Withholding: Webull defaulted to a 10% rate. Should I set this to 0%, given that this withdrawal is to correct an excess contribution?
  2. Distribution Reason: The only option is “Early Distribution (Under Age 59½).” Will this cause issues when reporting on my tax return?
  3. Residency Change: I was an Ohio resident in 2021 but have been a California resident since 2023. Does this affect the tax treatment of the withdrawal?

Any additional advice to ensure this is processed correctly would be greatly appreciated.

John

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