If you already made the contributions then you fix it by removing the excess from one of the IRA's (I suggest only one so not to have 2 removals to report). You tell the IRA custodian that this is a "return of contribution" due to an excess contribution and not a normal distribution. The custodian must return the excess and any earnings generated by the excess and will issue a 1099-R coded to show the return and any earnings. If this was a 2017 contribution and removed in 2018 you probably will not receive the 1099-R until next year, but if any earnings, those will be taxable in 2017 which will probably require an amended 2017 tax return to report it.
**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.**
