@fanfare To properly account for the interest (which was accrued in 2024), TT is recommending I amend my 2024 return, but given that (as you pointed out) the amount of tax on that amount is tiny, seems like a lot of work for such a small amount. Entering the 1099-R I received for 2025, doesn't help because not only was no tax withheld, but the form uses the codes P and J for Box 7 - code P states that the tax for the interest will be accounted for on the previous years return, so it's no enter the 1099-R on 2025 return. In retrospect, I wish I had created my own 1099-R when I was filing my 2024 return and then the over contribution and interest would have already been declared.
Am I assuming correctly @fanfare that by saying "use common sense", you are suggesting (since the amount of interest is so small), that I don't bother amending my 2024 return? thanks for your response.
