Thank you for your quick response. It certainly makes sense...however.....
I filed Form 5329 with my 2023 tax return with a request for a waiver of the penalty. The form also instructs how to add the "missed" distribution to the 2023 tax return. As I noted, I DID pay the 2023 tax due. I subsequently received a letter from the IRS approving my waiver and "accepting" the tax due.
I'm thinking now that I will simply file a form 4852 for "incorrect" 1099-R forms with my 2024 taxes. The form provides the ability to enter in the 2024 distribution (in my case, the sum of the 2023 and 2024 withdrawals from Schwab) and then identify how much should be taxable. An explanation is also required on the form.
Thoughts? Thank you.
