Q1. On your 2024 return you will enter the earnings of $800 under "Corrective distributions made before the due date of the return" on the "Did you use your IRA to pay for any of these expenses?" screen.
Q2. If you didn't have any earnings on your 2023 excess contribution then you do not have to amend your 2023 tax return. Only the earnings on the 2023 excess contribution would be taxable in 2023.
Q3. The follow-on screen “Explain the Return of Contribution” asks about the Form 1099-R codes 8J. You can state "Return of excess Roth contributions plus earnings made for 2024". Please note you do not need to enter the 2024 Form 1099-R with codes PJ on your 2024 return unless you had taxes withheld.
@stong
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
