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Posted on 2/21/17 at 5:33 pm to XanderCrews
quote:
Whatever you do document the process meticulously and keep all the records. The IRS will most likely come after you for the disbursement and it will be on you to prove you didn't cash the check. And they will do it 2 yrs after.
This is why it's better to do a direct rollover. You tell existing brokerage to make check out to new brokerage.
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