OK, here is my situation. I have a certain amount of lifetime Roth contributions and Roth conversions seasoned at least 5 years that have not been exhausted by earlier Roth distributions, and therefore am able to take a qualified distribution from a Roth account. However, my custodian will not honor my request to document this distribution as being qualified.
So, as the IRS will get a form stating that this distribution is non-qualified, I need to know how to properly document this distribution. I called the IRS, and was told to fill out a form 5598, which doesn't exist
, but probably was meant to be 5498, that itself only seems to deal correcting a mistake in contribution for the current tax year, and does not address the distribution.
. And of course, the custodian won't even tell me what form to fill out, and I was advised to hire a tax advisor.
So I figure that before I waste more time with the IRS help, I should ask the folks here - hopefully, someone has been in this situation and knows what to do.
On a side note, I'd like to know of any good brokerage that also has a bank on the side that makes distributions to a checking account painless - and obviously one that would allow me to dictate the terms of the reporting to the IRS. And also, allows me to do no-fee no-load mutual fund trades. I'm considering being a full Boglehead on this account - does Vanguard hve a checking account? And by checking account, I mean one that would allow me to have vendors automatically debit payments and me to get cash from an ATM - not just simply check writing privileges.
Oh, and don't recommend the stagecoach bank - they're the ones screwing me over.