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Business, 03.07.2019 06:30 tusharchandler124

In january, donna’s dad, who is 75 years old, agreed in an email with his financial advisor that he wanted to take a distribution of $50,000 from his ira and roll it over into a new ira. his financial advisor inadvertently moved the funds into a taxable account. this mistake was discovered by the advisor at the end of the year. as a result, the $50,000 will be treated as a taxable distribution. what should donna’s dad do?

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