"all we have received from these credit unions are IRS 5498 Forms"

The 5498 is a 2022 activity; 2022 is done. 2023 activity isn't reported until 2023 is done. Taking it out in 2023 doesn't accelerate their reporting of that annual activity.

"that our credit unions will be sending each of us IRS 1099-R Forms which will show each respective $7,000 overpayment, plus the interest earned in the ROTH IRAs which had already been removed prior to the April 18, 2023, filing deadline. FYI, we are both over 70."

That's right. The 1099 will be/should be coded for prior tax year for the distribution, if it was properly identified as a corrective distribution requested, for 2022.

"If we file an amended IRS 1040x now for 2022 tax year and pay the interest"

Report as taxable...

"actually received from the excess contributed ROTH IRAs, will the IRS 1099-R Forms we receive in early 2024 cause us to have to pay tax again on this interest?"

No. That's why it is coded as prior year.

"This is all very confusing, even to tax preparers we have questioned."

Then you need to ask better professionals. Everything you are asking is common, frequent, not unusual. Corrective Distribution is not a big deal, since you did it prior to the tax filing due date.

"This form makes it sound like the 6% penalty must be paid on the $7,000"

It's moot. Right here: "is treated as an amount not contributed. This treatment only applies if any earnings on the contributions are also withdrawn."

You should lose this Web Page bookmark. You are not using the software in use here, to prepare your clients' return. You seem to be lost on the internet. This is not a place to get personal tax help. No one will give you example forms, filled in, diagrams, explanations. Well, you can get that at the IRS, and I like investopedia articles, and even the brokerage houses offer that type of info, come to think of it. You should look to resources and not ask strangers on the internet.

You’ve come to a Peer User community for Intuit Income Tax Preparation products supporting tax preparation professionals using ProSeries, Proconnect and Lacerte Tax Preparation programs, and you may be looking for support as an individual taxpayer using TurboTax. Please visit the TurboTax Help site for support.

And try this screen, for the various topics (subforums): https://ttlc.intuit.com/community/discussions/discussion/03/302

Your sign in user info here is the same one you can use over at the TurboTax forum.

Thanks.