@DanaB27 thank you again for the response!
So with the Traditional IRA with Fidelity, it was originally a 401k with Fidelity thru my job. Then when I lost my job in 2020 due to Covid, I took the 401k and rolled it over into a traditional IRA with Fidelity. Then in march of 2024, I transferred it over to Edward Jones along with other investment accounts my wife and I had to consolidate things and make it easier by having all our retirement accounts with Edward Jones. I have not received a Form 1099-R for the IRA, either from Fidelity or Edward Jones.
Regarding the $1.31 gain from the Fidelity IRA, I was asked by my financial advisor's assistant from Edward Jones to contact Fidelity to find out what the gain/loss was of the $75 contribution I had made to the Fidelity IRA in January of 2024. I wasn't sure exactly why I needed to get that information or how that comes into play either for the 2024 tax return or next years, if at all.
I appreciate your help with all of this. I realize you are probably very busy and wasn't sure if you had gotten my last message or when you were going to respond to it, so probably while you were responding to me just now, I reposted about this excess contribution situation again, with hopefully a little more clarity than the first time in case anyone else was able to comment on this. So you may see another post from me on this.
