Wow. I have never reached out to an online community for help, and I am in owe.
Thank you for your help Opus and Dmertz.
Opus, based on what you wrote, I think I will be in the b) scenario (income limit, but no other IRA contributions).
Bear with me, I have two ask you two more questions:
1) The letter with the instructions that I quoted is dated December 2024, (same date of the received the revised 2023 1099-Rs). The letter is from custodian (Vanguard) for the defunct 401k plan. I am realizing now that in December 2024 they advise me to take out that excess distribution from the IRA, when effectively I can't do that anymore???? Isn't that surprising?
2) do you also agree that I should mark the 1099-R as 'corrected' , in spite of the fact that they came with a 'duplicate' box instead? In the same letter of instructions, I read "...in accordance with IRS guidelines, Vanguard will issue revised 1099 Forms...". Well, if they are 'revised' ..they are 'corrected'. I wonder if they did not use the word 'corrected' to make their life .....easier ?
thank you thank you
