Fed1
Level 1

Retirement tax questions

@dmertz,

 

I am exceptionally grateful for the advice you have given.

"The first amounts distributed from the Roth account containing the excess will be the excess and the attributable gains until the full amount of the excess and attributable gains has been distributed." - This line helped my understanding greatly.

 

I will be coordinating with the different plan administrators with your given advice and see what is the best corrective action taken (fingers crossed that it's not me who ends up having to track the excess (and attributable earnings)).