Any advice on this dilemma would be appreciated!
I had a direct rollover from a 403b into a traditional IRA. It is appearing on my taxes as a contribution to the IRA instead of a rollover. The maximum contribution is $7000 (I'm over age 50) and my rollover was a little bit over this and I'm being assessed 6% penalty on the excess. Can anyone tell me how to correct this issue?
Thanks much!
