What is the name of your state? Georgia
In 2001 my IRA (Stocks) was rolled over to a bank IRA at another institution. The bank advisor put the stocks in a regular brokerage account by mistake. It sat there unitl now with no sale or other activity. When I moved it to a different bank this year I realized it was no longer in an IRA. Again, no trading in the account just moving it around.
As far a I know a 1099-R was NOT issued in 2001.
How do I go about getting it back into an IRA. Is there any hope of avoiding penalties and taxes?
I know Wood v. Commissioner inplies a clerical erro cannot be grounds for a penalty but after six years would this still be considered?
In 2001 my IRA (Stocks) was rolled over to a bank IRA at another institution. The bank advisor put the stocks in a regular brokerage account by mistake. It sat there unitl now with no sale or other activity. When I moved it to a different bank this year I realized it was no longer in an IRA. Again, no trading in the account just moving it around.
As far a I know a 1099-R was NOT issued in 2001.
How do I go about getting it back into an IRA. Is there any hope of avoiding penalties and taxes?
I know Wood v. Commissioner inplies a clerical erro cannot be grounds for a penalty but after six years would this still be considered?
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