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Get your taxes done using TurboTax
Does it really change anything? It's still a failed rollover by spouse A into an account not allowed to accept a rollover from spouse A. Spouse A still owes tax and the penalty. I don't think the tax laws have an out for trustee mistakes, unless you already know of such an exception. Although they might have a malpractice claim against the receiving custodian to pay the penalty.
‎August 10, 2022
10:58 AM