Rolled over to a Roth IRA by mistake.
I made a mistake. I entered the wrong account numbers while taking a rollover distribution and deposited $95,000 meant for a traditional IRA into a Roth IRA and $2,000 meant for the Roth into the traditional IRA. This occurred May 2026.
I turned 73 this year. I had one outstanding RMD ($8k) left after the mistake. As soon as I discovered I needed to take it I took it (a month later).
I understand that I am liable for excess contributions to the Roth because I didn't take that RMD earlier and I need to make a withdrawal of those. Does that mean withdraw the ($8k) and any earnings on it from the Roth?
I understand that a waiver of the penalty can be requested with form 5329. I also understand that I will have to file form 8606. Any others?
Do I need to have form 5498 corrected as the sending institution doesn't know I mixed up the account numbers?
How do I avoid getting a Medicare surtax? My normal income is $50,000
I did pay estimated taxes for this quarter.
I have not had success finding a tax professional.
Thank you for your help.