During 2018, I contributed $3,483 more than I was allowed to for my Roth IRA due to a low AGI. In February 2019, $3,456.39 was removed from the account (with a $26.61 net loss) and then $3,418.96 was moved as cash to an individual brokerage account, which was then moved to a bank account. I filed my 2018 taxes stating that the full amount of $3,483 was removed (thus, having a contribution of $2,017).
I received my 2019 1099-R for my Roth IRA a couple of days ago. In Box 1 (Gross distribution), the amount is $3,418.96 (the amount of excess contribution removed). In addition, codes J and P are also located on the form. I put this information in TurboTax and it prompted me to amend my 2018 form. I am trying to figure out what went wrong. If the excess contribution was already removed from the IRA with a net loss, what would be wrong with the 2018 form? Do I need to enter the 1099-R form for 2019 f this was resolved?
