Hello
I accidentally rolled over a inherited 401k into an inherited Ira indirectly. This is strictly forbidden for non-spousal beneficiaries.
I then moved the funds to a different custodian. The IRS said it needs to be removed as an excess contribution to an IRA, but The new custodian said they refuse to code it as a removal of excess contribution because the contribution did not happen there and that it must be processed as a taxable distribution
So I am going to be taxed on the distribution from the 401k. Can I complete a substitute Form 1099-R” (Form 4852) to correct the code from my new custodian so it shows up correctly as a removal of excess contribution to the IRS ?
Thanks
Joe
