I haven't filed my 2024 taxes here yet. Just learned income too high for the 2024 contribution I made to Roth IRA. I will withdraw the principle I contributed to my ROTH IRA in 2024 before I file taxes. Turbo Tax asks if I received a 1099-R IN 2024, but I did not, I will get one in 2025 after I make the withdrawal of overpayment. Do I wait for the 2025 tax year to report a 1099-R since Turbo Tax is only prompting me for one received in 2024, even though it applies to the 2024 tax year? Also, I have left the principle as cash, not invested it, but pre-existing money in the Roth IRA was making some interest income, how is it determined which principle earned the income? is there some formula where you have to claim it made money because the whole account made some, or will it just assume if there's a lot more sitting cash in the Roth IRA than the disbursement amount that I made no income on it?
