In other words, it is a 2 step process: 1) indicate in the Roth contribution interview that the excess was removed to prevent the 6% excess contribution penalty that repeats every year until the excess is removed, and 2) Enter the 2019 1099-R to report and pay any tax due on the earnings attributed to the excess (of course there might not be any earnings in which case box 2a on the 1099-R would be zero, otherwise box 2a would be the taxable earnings.)
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
