Guest riabaj Posted April 9, 2007 Posted April 9, 2007 My broker was holding an IRA for me in Account A. They transferred the money to Account B (not an IRA account due to some paperwork issues). They are sending me a 1099 for Account B but, no 1099 R for the distribution that they claim I have taken by transferring money from Account A to Account B. What should I do? Should I still declare the money as distribution in my 2006 taxes? Your help is very appreciated. Thank you Ria
Jim Chad Posted April 11, 2007 Posted April 11, 2007 If the broker is in the process of correcting the transfer to make account b an IRA, than you will not need to declare any of this a distrbution or taxable gain. Is the broker fixing the mistake?
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