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Old 10-08-2016, 06:15 PM
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IRA excess accumulation in 2014

In 2014 the distribution from my IRA was less than the RMD due to a problem with the IRA administrator which created an excess contribution. On my 2014 return I filed form 5329 with the explanation that I would withdraw excess accumulation in 2015 the and zero penalty.

For 2015 I had the IRA administrator do both a 2015 normal distribution and the 2014 excess contribution - distribution . Unfortunately this was done after 10/15/15 and the 1099-R shows only one total normal distribution which is the sum of 2015 normal distribution and the 2014 excess contribution ( excess accumulation ).

I am not sure how to proceed with the filing from here. How do I enter 2014 and 2015 distribution info for each year so the IRS knows the 2014 excess contribution has been distributed and the excess contribution corrected. Is there any excise tax 2015 form 5329?



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