You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #3: It may be too late, but [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
rogerashton Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-14-04 02:05 PM
Response to Original message
3. It may be too late, but
if you roll it into an IRA for yourself it probably is not taxable. Otherwise, it is taxable and the bite may be large.

When my Dad died, the bank person who closed the account never gave us that option as, according to law, she was supposed to. Then the 1099 was sent to -- my Dad's address! But the house was sold and the forwarding had run out, so I didn't know to pay and had to pay a penalty. I'm financially OK, could handle the hit, but my sister, a retired schoolteacher, was seriously set back by it.
Printer Friendly | Permalink |  | Top

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC