Roth IRA excess contribution correction but with Fed withholding

[Arch85]

In November 2024 I made a $8,000 contribution to my Roth IRA (I am over 59 1/2).  However, I am retired and I have no earned income for 2024 so the entire contribution was in excess of what is allowed.  I realized my mistake in January 2025 and I worked with Fidelity to have the $8,000 contribution to the Roth removed.  Fidelity calculated earnings of $425.27 on that contribution.   Also, 15% Federal w/h was applied so the final amount I recieved was $8,361.48 (I'm in Texas so there was no state w/h). 

I'm trying to determine the simplest and cleanest way to handle this situation on my 2024 return through TurboTax.    If I understand things correctlly, I won't receive a 1099-R for this until January 2026 for the 2025 tax year, but I can create my own 2024 1099-R in TurboTax to address the excess contribution and the earnings and then ignore the 2024 1099-R when it is issued, correct? 

Does the Fed w/h that was done complicate things?  I'd like to avoid having to do an amended 2024 return if possible.   

[MaryK4]

Because you will have Box 4 Federal Tax withholding, you will enter the 2025 Form 1099-R into the 2025 tax return since the withholdings are reported in the year that the tax was withheld. The 2025 code P will not do anything to the 2025 tax return income but the withholdings will be applied to 2025 so you should get it applied to your tax due and/or refunded. (TurboTax will tell you to amend your 2024 return, but you will not have to if you follow the following steps.)

To create a Form 1099-R for your 2024 return please follow the steps below:

1. Login to your TurboTax Account 
2. Click on the "Search" on the top right and type “1099-R” 
3. Click on “Jump to 1099-R”
4. Answer "Yes" to "Did you get a 1099-R in 2024?"
5. Select "I'll type it in myself"
6. Box 1 enter total distribution (contribution plus earning)
7. Box 2a enter the earnings
8. Box 7 enter J and P
9. Click "Continue"
10. On the "Which year on Form 1099-R" screen say that this is a 2025 Form 1099-R.
11. Click "Continue" after all 1099-R are entered and answer all the questions.
12. Continue until "Did you use your IRA to pay for any of these expenses?" screen and enter the amount of earnings under "Corrective distributions made before the due date of the return".

[Arch85]

MaryK4 Thank you for your response. 

I have 2 questions: 

1) Looking at your instructions above when preparing my 2024 tax return, on step 10 is there possibly a typo to say the 1099-R I create is a 2025 1099-R?  Shouldn't it be a 2024 one?  

2)  Should I still enter the $8,000 excess contribution to the Roth in the TurboTax software since that contribution has now been removed?   Or do I act like it never happened since corrective action was taken before the tax date?

Thanks again for helping with this.