I have 2 clients, married couple in their 60s. Both made 2023 Roth IRA contributions in March 2024 ($7,500 each, $15k total). They went on tax extension and their MAGI ended up being too high to qualify for 2023 Roth IRA contributions. On 10/22/24 we removed the 2023 Roth IRA contributions and excess earnings. We tried to do this before 10/15 but client was unresponsive. The total amount removed from the husband’s Roth IRA was $8,375.91 ($7,500 contribution plus $875.91 of excess earnings). The total amount removed from the wife’s Roth IRA was $8,375.91 ($7,500 contribution plus $875.91 of excess earnings). Will this $1,751.82 of excess earnings be taxable income to them on their 2024 tax return? If so, where does that get reported on their return? Under IRA distributions on the 1040?