dmertz
Level 15

Retirement tax questions

2.  No reason to delay the rollover.

 

3.  There is no early-distribution penalty because the distribution from the Roth IRA (assuming that it was done properly, which seems to be the case) is already a regular nontaxable distribution of contribution basis.  A distribution of any part of the  2021 contribution after the due date of the 2021 tax return can only be a regular distribution.