Again, thank you so much for your comments.
Indeed, code E distribution is due to a return of contributions and attributed earnings that were deemed to be excess due to the plan not being in compliance, because the plan did not have a full 2023 of 'life' (since my employer unexpectedly went out of business before the end of 2023). So the max annual allowable contributions got prorated (after I had already max-ed them out), and we ended up with an over-contribution. At least this is what I think I understood so far.
The preliminary course of action you described below makes sense thank you, and indeed I would also love to hear from other super-experts.
As we wait, maybe you can share your opinion on a couple of odd things for me:
1) TurboTax asks if the new 1099-Rs have a 'corrected' box checked. I would expected that they would, as indeed the 1099-Rs are a revision of the previous one. But instead they have a 'Duplicate' box checked (there is not a 'corrected' box available in the 1099-Rs). To me, it seems that are indeed corrected 1099-Rs. Not sure why they called them 'duplicate'. Do you think I should answer 'yes' to the TurboTax question: " Do these forms have the 'corrected' box checked?
2) I suspect that I will have to include in my 2023 amended return the distribution from the IRA of the $4600 and its earnings as excess 2023 contribution. Is there a way in TurboTax t explain that the the $4600 portion is not taxable since I have included its taxation with the new 1099-R , in the same 2023 amendment??
Thank you thank you.
