@cparke3 wrote:
There also is the consideration that the "Filed pursuant to section 301.9100-2” provision for filing an amended return within 6 months of the due date to change an election, if needed in this case, would expire if I waited until next year.
Furthermore, given how long Amended Returns can take to process, particularly these days, I'd rather get my $360 (6% of $6,000) back sooner rather than later and would prefer to file the amended return now.
You misunderstand the provision. It is to the time limit to remove the excess, not to amend. Amend now if you wish and if you know how to report it. (You know what code the 1099-R will have in box 7 and box 1 and 2a).
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
