I am having a similar issue. I was told that I have to remove $3620 out of $6000 contributed when filing my 2019 return. I went to Vanguard triggered the removal and got the money and earnings into my bank account. Vanguard told me I wont get the 1099-R until next year 2021.
Now I go in and create the 1099-R information manually. When I get to the section where the excess contribution is recalculated I am told that I need to remove another 80$ since my income has gone up from adding the distribution amount.
So now should I go into Vanguard and start another removal of the 80$, and then repeat the process of reporting another 1099-R amount? This is a bit crazy because I suspect the next round of recalculation after reporting this 1099-R will indicate I am still over the limit by a few dollars.
Anyone have any insights they could offer on how I deal with this? I am tempted to withdraw more dollars from Vanguard to break the cycle, but hoping there is a better solution.
