I have a client 80 years old who has an IRA with credit union bank here. He recieved twice the distribution that he should have last year ( $34000). The bank addmitted the mistake and asked my client if he wanted to keep it or what?
Well my client told the bank that he would, and so he took the money and invested into another IRA.
Can this be a roll over? He said he had done it within 60 days but my computer is not letting me roll it over.
I read in the taxbook where a sep IRA or simple IRA can be rolled over even after age 70.
This is on page 13-26. At least thats the way I read it. Am I wrong?
Well my client told the bank that he would, and so he took the money and invested into another IRA.
Can this be a roll over? He said he had done it within 60 days but my computer is not letting me roll it over.
I read in the taxbook where a sep IRA or simple IRA can be rolled over even after age 70.
This is on page 13-26. At least thats the way I read it. Am I wrong?
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