In 2012 I overcontributed to my Roth IRA by $333. I know that I need to file form 5329 (with line 24 = 333 and line 25 = 20) for years '12, '13, '14, and '15.
It's 2016 and 2017, that I want to clarify:
- I will request a distribution of the $333 overcontribution (not including earnings since it's not a timely withdrawal). The distribution will be completed in March 2017 (this month / year).
- I will receive a 1099 for my early distribution from my roth IRA and I will report the early distribution, penalty, etc on my 2017 form 1040
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- For 2016, do I still fill out the 5329 in the same way as I did for '12, '13, '14, and '15? (since the distribution was not completed by 12/31/2016)
- For 2017, do I file a 5329 with line 20 (2016 distributions from roth IRAs) = 333, so that line 24 totals to 0 and so line 25 also equals 0?
Is this correct? In particular: am I correct about not withdrawing earnings and the way to file 5329s for 2016 and 2017? Is there anything I'm missing? Will I need a form 8606?
