@fanfare Thank you very much. Unfortunately I maxed out the Roth contributions every year, so I guess I couldn't carry it over.
By removing the excess contribution and the earnings, what steps do I need to take for tax year 2025? I understand I need to report the distribution on form 5329, but should I report it now or wait until I file the 2025 tax return (in early 2026)? Additionally, from what I'm reading in the community posts, there will be a 1099-R form from my financial institution. What do I need to do about that?
