@dmertz The $12K went into my rollover IRA, not my traditional IRA account. I actually had zero contribution in the traditional IRA in 2020 and, so far, also zero into the traditional IRA for 2021. So is my rollover IRA classified as a traditional IRA for tax purposes? ...because the 5329 form (2021 - haven't looked at 2020 yet) has nothing for either a rollover IRA or for a 401K.
As an aside, I already have an excess contribution in my traditional IRA from a prior year, when I mistakenly believed a broker who told me that it was OK to do that, even though I was contributing to a 401K. He neglected to note that there was an upper income limit for my wife and I that negated that capability.
Again, thanks for your help.
