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Form 1099R Distribution that Client Says Was Redeposited Before 60-Day Window
I have a client who did a distribution from an IRA and reportedly redeposited the amount within the 60-day period. The custodian issued a Form 1099R with box 2 showing the taxable amount as the same as box 1, and box 7 with a Code 1 (no known exception). The Fidelity financial advisor insists that the client statements sufficiently show the trail of...
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