Situation: I contributed money to my IRA account at the very end of 2017. When I started doing my taxes, TurboTax told me that I wasn't eligible to to contribute to an IRA. I didn't have any earned income but only investment income. I called my financial institute. They reversed the excess contribution and the accrued earnings. They told me that next year, they'll send me a 1099-R.
What should I do in TurboTax this year?
What should I do in TurboTax next year?
Should I and if then how should I report my IRA contribution?
How and in which year do I report the earnings on the contribution?
How and when do I report my reversal of the IRA contribution?
