Retirement tax questions

To clarify, you requested the withdrawal of excess contribution plus earnings with the financial institution (usually they have a form to fill out)? Did you report the earnings on your 2023 tax return?

If yes, then they should have issued a Form 1099-R with codes P and J. You should show them the Form 1099-R instructions:

"For the distribution of excess Roth IRA contributions, report the gross distribution in box 1 and only the earnings in box 2a. Enter Code J and Code 8 or P in box 7."

If you only took a regular distribution for the excess amount without earnings then they issued the correct Form 1099-R and you will have to enter it on your 2024 return. You would have to pay the 6% excess contribution penalty on your 2023 return. Pease see How do I amend my federal tax return for a prior year? 

To enter Form 1099-R with code T:

1. Login to your TurboTax Account 
2. Click on "Search" on the top and type “1099-R” 
3. Click on “Jump to 1099-R” and enter all your 1099-Rs
4. Click "Continue" on the "Review your 1099-R info" screen after you entered all you Form 1099-R
5. Answer "Owned Any Roth IRA for Five Years?" screen
6. Continue through the questions and make sure you enter the net contributions prior to 2024 on the "Enter Prior Year Roth IRA Contributions" screen
7. On the "Do you have any Excess Roth Contributions" answer "Yes" 
8. On the "Enter Excess Contributions" screen enter the total excess contribution from 2023.

Please note if you had the Roth IRA for 5 years, then this is a Qualified Distribution and not taxable. If you had the Roth IRA less than 5 years you can withdraw contribution anytime, tax- and penalty-free. Therefore, you won't have any double-taxation.