I have a client that took money out of their IRA to rollover to another financial institution however the company would not do it for them, cut them a check and gave then a 1099 showing distribution code 1 (early distribution) What do I do to avoid the 10% penalty?
DID the client rollover the amount within 60 days? If so, scroll about 1/2 down on the 1099-R worksheet and there are some lines to enter Rollover information.
DID the client rollover the amount within 60 days? If so, scroll about 1/2 down on the 1099-R worksheet and there are some lines to enter Rollover information.
You have clicked a link to a site outside of the ProConnect Community. By clicking "Continue", you will leave the Community and be taken to that site instead.
