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Old 01-30-2009, 04:11 PM
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Join Date: Jan 2009
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IRA Withholding Error

Hi,

If a person makes withdrawals from their IRA during calendar year 2008, but the bank they withdrew from make a fairly large (several thousand dollar) withholding error that was not discovered until 2009, is there a way to correct the mistake?

Ideally, can the bank transfer money to or from the IRA to correct the mistake and then report the correction to the IRS?

Thanks!!



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