one more: UBS (the faulty custodian) apologized but took no other responsibility .the person who did this ( not a financial planner) said I didnt ask to move the excess earnings. But I know that you have to move them;i took that for granted. You can't put recharacterize IRA in any way without also including the earnings is what I was taught- and I'm a complete layperson.
And I didnt know about it till end of March 2025 since I didnt get those 2 1099-Rs until then. I was shocked but due date was past for 2023 distribution. ( didnt even get regular 1099-R until Feb. 28, a month late.) I just dont think they knew they were doing at all, as shown by the weird 1099 designation that have messed up my tax returns.
What is your opinion? I was told iRS cant do anything that I have to call FINRA or SEC or compliance dept?
