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Business & farm
What types of income can be adjusted this way? For example if an IRA plan administrator makes a mistake and sends an RMD to the wrong heir / beneficiary of an inherited IRA, can 1099-R income be adjusted to reflect that it should be the income of the more correct heir?
I see that there are articles discussing Nominee Adjustment for both 1099-INT and 1099-DIV.
‎December 28, 2019
6:38 PM