Hi all,
I made excess contributions to a Roth IRA in 2024. The excess was removed from the account in March along with a Net Income Attributable (NIA).
As far as I can tell I don't have to pay the 6% penalty as the excess was removed before the deadline. I assume though that I have to include the NIA as income on a 1040X, but I'm unclear on how to do that. I've looked through the instructions for Form5329 but there doesn't seem to be any info on how to report the NIA.
Could someone get me pointed in the right direction?
