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Greetings, I had a similar situation of an excess contribution to a Roth IRA in the same timeframe as you're experienced.  However, I googled to find out what one should do and found I needed to submit a request for "Return of Excess Contribution" form [a lesson you're already learned unfortunately] this was completed prior to April 15, 2025 and before I filed 2024 Tax Return. The money I received back included the excess amt plus the earnings on that money, so when I received my 1099-R 2025 Box 7 had JP. I knew I needed to report the earns as taxable income; unfortunately the IRS rules and TurboxTax don't make it easy to do. [I need to do a 2024 amendment for under $800!!...what a pain!] Since you had a loss on the overall excess contribution amt, you may not need to worry about the distribution code on  your 1099-R.  Curious, do you normally contribute to a Roth IRA every year? Recommend reading up on Form 5329  & Pub on IRS website.

You would enter this as a stock sale. All of the information that should be entered should be in a supplemental form that came from your K-1. Here is how to enter the information other than reporting it in Box 11 of the K-1.   Go to Wages & Income > I'll choose what I work on.  Scroll to Investment Income and click Start/Update on Stocks, Mutual Funds, Bonds, Other. Answer Yes to "Did you sell any investments?" and No to "Did you get a 1099-B?" On the "Choose the type of investment you sold" screen, select "Other" or "Everything Else." Description: Enter "Section 1202 QSBS - [Company Name]". Sales Section: Choose "Long-term did not receive 1099-B". Type of Investment: Select "Stock (non-employee)". Enter your Cost Basis and Proceeds from the K-1 statement. After you click "Continue" past the cost/proceeds, you will see a screen titled "Any other info about this sale?" or "Let us know if any of these situations apply." Here you will select "This was small business stock." Continue through until you are done with this section.        

The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040.  If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher.   If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return and start over with a lower priced edition. Click on Switch Products on the lower left side of the program screen while working on the 2025 online tax return. Click on Clear & Start Over   Go to this TurboTax website for the Free online edition - https://turbotax.intuit.com/personal-taxes/online/free-edition.jsp   Please Note - TurboTax Online: Important Details about Filing Form 1040 Returns with Limited Credits A Form 1040 return with limited credits is one that's filed using IRS Form 1040 only (with the exception of the specific covered situations described below). Roughly 37% of taxpayers are eligible. If you have a Form 1040 return and are claiming limited credits only, you can file for free yourself with TurboTax Free Edition or TurboTax Live Assisted Basic (if available), or you can file with TurboTax Full Service at the listed price. Situations covered (assuming no added tax complexity): W-2 income Interest or dividends (1099-INT/1099-DIV) that don’t require filing a Schedule B IRS standard deduction Earned Income Tax Credit (EITC) Child Tax Credit (CTC) Student loan interest deduction Situations not covered: Itemized deductions claimed on Schedule A Unemployment income reported on a 1099-G Business or 1099-NEC income Stock sales (including crypto investments) Rental property income Credits, deductions and income reported on other forms or schedules

the total value of IRA accounts for Form 8606 is asked in the 1099-R section if you have a distribution or conversion.  after the 1099-R input there will be a summary of the 1099-R's you have to click Done or Continue after that to get some more questions about disasters, IRA basis carryover (also asked in the contribution section), and MV of the IRA.

To enter, edit or delete a form 1099-R - Click on Federal Taxes (Personal using Home and Business) Click on Wages and Income (Personal Income using Home and Business) Click on I'll choose what I work on (if shown) Scroll down to Retirement Plans and Social Security On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button Online editions -   On the screen Did you get a 1099-R in 2025? Click on Yes On the screen Let's import your tax info Click on Change how I enter my form On the screen How would you like to upload your 1099-R? Click on Type it in myself On the screen Who gave you a 1099-R? select the type of 1099-R you received and Continue

@lesserjoel    ....paying for the software , and e-filing are entirely separate steps..   You have to actually hit the Transmit Now button after working PAST the payment page. ___________________ Then the IRS and State can take a day or tow to respond that they "Accepted" or "Rejected" it.  The closer to the deadline we are.....the longer they take to respond.....and the State par isn't actually transmitted until/unless the IRS "Accepts" first..