SusanY1
Expert Alumni

Retirement tax questions

The regular distribution cannot be used to satisfy the return of excess contribution - unless you can get the custodian of the funds to issue a new 1099 classifying it as a return of excess contribution. 

The return of excess contribution is also required to return to you the earnings allocated to those contributions (if any).  

Your Roth custodian can help with that calculation as well as processing the return of excess properly.  Some are willing to retroactively update a prior withdrawal, while others are not.  There is no rule requiring them to do so, but it certainly doesn't hurt to ask! 

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