Thank you again, but after contacting my financial inst. (Schwab), they indicated that this situation would not require a revised 1099-K for 2025, but for me to take a distribution in 2026 for which I would receive a 1099-R with a "P" for return of previous year excess contributions. So this raises two questions:
1. What is the tax implication for 2025 - will I be taxed again on the excess contributions for 2025 but then get a refund on them when filing for 2026?
2. Not sure how to document this situation within Turbo Tax for my tax return.
Joe
