You will have to print and mail your 2023 amended return.
Yes, you only enter the contribution amounts without earnings for each year ($7,500 for 2023 and $8,000 for 2024) when TurboTax asks for the amount contributed to Roth IRA. Make sure you enter the contribution amount as withdrawn on the penalty screen.
- Click on "Search" on the top right and type “IRA contributions”
- Click on “Jump to IRA contributions"
- Select “Roth IRA”
- Enter the Roth IRA contribution
- Continue until the penalty screen and enter the excess contribution amount withdrawn.
For "Corrective distributions made before the due date of the return" you will enter the earnings from box 2a of Form 1099-R.
Yes, on the 2024 return you will only enter the earnings from box 2a of the 2024 Form 1099-R with code J8.
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