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Asked 1/19/2011
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A bank made a mistake and gave me a 401k distribution check instead of a roll over. Opened new CD. Can I correct The bank gave me the balance of a 401k CD as a cash check instead of a IRA transfer. In good faith I opened a "plain" CD. Now my 1099 for 2010 lists the proceeds as income. Can I correct this, even with a penalty and reopen the amount back into an IRA/ 401k ? |
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