Holy Cow! I filled out my 1099-R as follows:
1) $3593.80
2a) $93.80
7) J & P
This assessed me the 10% penalty. I then went to the now known 5329 form which showed line 1 as having the $94 early distribution from the Roth IRA.
I entered $94 under the Column A "Non Simple Distributions" on line U which states "Corrective distributions made before the due date of return" and line 2 automatically filled in code 21 as well as $94. Penalty reversed. Sound about right?
@fanfare
@DanaB27
