Yes for my 1099-R from 2024. I have $7020.
so there is an excess of $20 from 2024.
This year, when backdoor my traditional roth to roth ira i funded $7000 in the traditional roth, but when i moved it to roth IRA, there was interest of $7.
From the previous answer, it sounds like i can just distribute $20 less in 2025 to resolve the overcontribution from 2024, but I wasn't sure if that same line of thought applies for that $7 of interested that occurred for my 2025 backdoor. Would i just contribute another $7 less as well?
