Hi there,
Appreciate your advice for follow up question in my earlier thread,
I had made Roth IRA contributions for 2024 and 2025 without realizing that there is a income limit.
I called Fidelity and submitted the form to return my $7000 contribution made to Roth IRA in Jan 2024 + $801.85 earnings = $7801.85 . (I will do the same after it gets processed to submit request for return of my contributions of $7000 made in Jan 2025 for my 2025 Roth IRA with loss of $86.)
I understand that I have to generate the 1099-R form manually to file my 2024 taxes.
Please confirm if I should now change the following to $0 now as I had entered $7000 earlier. Thank you.
