In 2023, I contributed $5K to my Fidelity Roth IRA. In January 2024, I realized while preparing my 2023 taxes in TurboTax that my $5K contribution exceeded IRS rules. I immediately made an Excess Contribution Withdrawal of funds ($5,202.33) to cash prior to submitting my 2023 tax return. I received a 1099-R from Fidelity for tax year 2024 in the amount of $5,202.33 ($5K Gross Distribution + $202.33 Taxable amount, with Distribution Codes PJ). I am including the 2024 1099-R in my 2024 tax return.
Am I required to submit a 2023 tax amendment as well given I am including the $202.33 Taxable amount on my 2024 return? If I am required to submit a 2023 tax amendment, how do I go about doing this in Intuit TurboTax, which is the product I have used for years?
