Correct Roth overfunding

[Russell23]

 I erroneously overfunded my Roth by $7K on Jan 13, 2020 and then withdrew the $7K on Jan 21, 2020.   Schwab issued a 1099R with an 8J distribution code.  Is this correct?   Is a 5329 even required in this instance?   TT says there is no extra tax to pay because I took no withdrawals from a retirement account before retirement age. 

[macuser_22]

---

@Russell23 wrote:

 I erroneously overfunded my Roth by $7K on Jan 13, 2020 and then withdrew the $7K on Jan 21, 2020.   Schwab issued a 1099R with an 8J distribution code.  Is this correct?   Is a 5329 even required in this instance?   TT says there is no extra tax to pay because I took no withdrawals from a retirement account before retirement age. 

---

There should not be  5329.    Be sure to delete the contribution if you entered it in the IRA contribution interview.

Only the gains (if any) in box 2a are taxable.

[Russell23]

Thanks MACUSER, I always need the confirmation which makes my review clearer!