Wife is 64 and still working. I'm 65 and retired at the moment. We have had a combo of ROTH and Traditional IRA's for almost 10 years Through Invesco and Fidelity. Decided to move them to a Local Bank for easier access and stable returns. Long story short. We had the funds deposited to our checking account with intent to rollover to the local bank. Did not know about the 1 yr Roll over rule so now it looks like we will need to add 3 of them them as income. Since we are over 59 1/2 do we need to pay a penalty. The Traditional IRA I assume will all be counted as income. The Roth's do we add the whole distribution as income or can we deduct the amount we contributed? Also should we do estimated payments because of this for this year?
