So there is nothing to do with IRS tax filings until I file in 2024 - correct?
TDAmeritrade/Schwab will issue a 1099-R for the distribution that I will take during 2023. So while the IRS will get a copy of the 1099-R from Schwab showing the distribution in boxes 1 and 2, you are saying that in TurboTax in my 2024 filing, I need to show $0 for box 2 instead of the actual amount that Schwab will show - CORRECT?
And in addition, since there was a designated RMD for this year, I still need to take it and the source can be either this troubled account (if enough money) or any other traditional IRA source.
So I assume depending on whether additional funds still exist after this, the remainder funds of the troubled account will forever be identified as Traditional IRA funds - CORRECT?
You have been very helpful, and I really do appreciate the assistance.
