with the excess contribution, the allocable earnings also must be removed and reported..
If you received an early distribution from your Roth IRAs, include on Form 5329 line 1 the part of the
distribution that you must include in your income. You will find
this amount on line 25c of your Form 8606.
Put the same amount on Line 2.
Use Code 21 to bypass the penalty that is no longer applicable in 2023.
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