I have my new custodian on the phone reviewing your comments,
we cant change the 1099 code- we failed to, so letting that go.
as I said I simply filed the 2024 as it was given to me.
We are talking about 2023. I know there is a 6% penalty - I am not concerned about 4.77. no concerns about taxes/penalties. it's minimal
I am concerned only about not having the 79.50 be coded as an excess contribution. I want to erase that if I cna.
I think you misunderstood me. we are not talking about 2024.
The 1099 I got this yr for 2023. I thought you said I could apply that to my 2025 IRA ( which I am eligible for.
Is this correct ?How do I do that?
I said in the return, now filed, that I did have 79.50 in line 2a ( earnings ) even though 1099 says 0. we are prepared to remove it from Trad IRA but I thought you said it could be applied to 2025 IRA. My financial person is saying he doesnt know how to do that without generating an excess distribution code on the 1099 . pls respond as soon as you can. We are all confused. I dont know if Fidelity (new custodian) can help.
