Retirement tax questions

hslettel,

 

Reading your post, the 1099-R was for putting too much money into the account, not for taking too much out of the account.  The total of your direct IRA (Traditional+Roth) contributions are limited to the lesser of your earned income and $7,000 for ages 50 and up.  You do have until April 15th to work with Vanguard to undo the error.