qbteachmt
Level 15
08-11-2022
02:45 PM
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This is a bit complicated when it is Roth. I knew there was a recent discussion for such a past-due event, and I found it here:
I put some reference links in there, which should be helpful. There is a known strategy to suck up the 6% penalty when the other Roth rules might make it advantageous not to make the corrective distribution, just because someone found it.
Have fun reading. It's a lot of details. Take it one year at a time, and that might be easier to work through.
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Don't yell at us; we're volunteers