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Guest lindamichals
Posted

Is it correct to assume if a 1099R is issued in error, but mailed out, an amended 1099R would be sent with zero dollars? The investment company(ING) refuses to withdraw the 1099R from their system even after us informing them the distribution(failed adp) was done in error. They are accepting the check back and reinvesting in the participant's account. Thank you.

Posted

Based on Section I of the general instructions for 1099 forms, I agree that a corrected 1099-R showing a zero dollar amount must be prepared and filed.

...but then again, What Do I Know?

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