Overcontributed to Roth IRA

What is the name of your state?What is the name of your state? Ohio

We accidentally contributed $3250 to my husband’s Roth IRA in 2003 ($250 more than the $3000 limit). We caught this mistake in January of 2004—early enough to have it refunded to us before the April 15, 2004 deadline for 2003 Roth IRA contributions. However, the excess $250 had already earned $14.41. Therefore, we received a check in 2004 for $264.41. In January 2005 we received a 2004 Form 1099-R with gross distribution listed as $264.41, taxable amount 14.41, distribution code JP. ** Where do we report this on our 2004 tax return? Turbo Tax won’t let us report it on our 2004 taxes and keeps telling us we need to amend our 2003 taxes.

yep, seen that before, don't have the 1099-r codes in front of me but sounds familiar. very common with excess 401k contributions for employees.

technically you should probably amend 2003 t/r. however, for $14, i'd throw it on 2004 t/r & if turbo won't let you put it in the pension line then add it to the other income line & label it "interest earned on excess roth contribution".