I am in a similar situation, but I am still eligible for partial Roth contribution (income between the $10,000 reduced contribution range). I withdrew the full $7,000 2024 Roth contribution in Jan '25. When reporting the 1099-R, I entered code P and J in box 7. My question is can I claim the 10% penalty waiver for the total excess earnings or only partial? The total earnings withdrawn is $1,100. Out of the $7,000 contribution withdrawn, about $3,000 is the considered "excess contribution."
