Q. How is this recontribution done?
A. Contact the ustodian for instructions.
Q. What do you do about the 1099-Q?
A. The 1099-Q is only an informational documents The numbers on it is not required to be entered onto your (or your tax return. Report the taxable portion, if any, based on your own records.
Q. Would the custodian be required to issue a corrected 1099-Q?
A. No. If the recontribution is made in the same calendar year, it will most likely be reflected on the 1099-Q. If it isn't, you report it on your taxes based on your own records. In the example, none of the distribution would be non qualified.
