@fanfare I totally get the mechanics of how to overwrite an incorrectly coded 1099-R and force an exemption at the time of filing but that could likely trigger IRS interest since the incorrectly coded 1099-R is sent to them by the custodian so there'll be an easy to catch divergence between what the custodian says and what the taxpayer says?
Is that a thing and how does one approach the risk associated with such a simple item that IRS will likely catch and inquire about? Thank you
Conversely, if the custodian is plagued by dysfunction (as it is Milliman) they don't even know what the rule of 55 is - I've called many times so I'm certain they will issue defective 1099-R when my time comes and I'll have to deal with the ramifications.
