The draft form now has the 2023 version and Instructions
showing how to satisfy the correction window and 10% penalty rate.
It will be interesting to see the software implement the worksheet.
In the example I posed, it also says to calculate the penalty only on the amount of excess accumulation not requesting a waiver, said excess not appearing on Form 5329 unless you do request a waiver.
https://www.irs.gov/pub/irs-pdf/f5329.pdf
@dmertz
