Thanks for the quick response.
Am I correct that moving out the $7,000 will still make it fully taxable when I get the 1099-R 2021? The $7,000 was moved to my IRA by my misunderstanding of the IRS rules. It's not like I took a deduction for it like I did for the original $7,000 I opened up via Turbo Tax's recommendation. In my mind the $7,000 shouldn't be taxed only any earnings from it. After all if I left it in my money market I would only be paying taxes on any interest. I don't get an OOPS from the IRS? 🙂
