Thanks all for the input. Here is a recap and a few further details:
Distribution requested 12-29-22
Distribution effective and processed on 12-30-22 - Custodian statement says: "Processed" means when amounts are credited or debited to an account.
My 4th quarter Statement shows cash withdrawal of requested amount on 12-30-22
Distribution check was dated 1-3-23; I deposited it on 1-6-23
In a 45-minute call with custodian rep yesterday; the verdict was that a distribution must be processed AND CLEARED in 2022 to be considered a 2022 distribution.
Does anyone know if this is consistent with IRS rules? Is it debatable or appealable?
If it must be considered a 2023 withdrawal, I presume I must
- File Form 5329 to avoid 50% penalty
- Claim this distribution as income on next year's 1040, along with the RMD for 2023 and ...........
- Start requesting RMD's earlier!!
