rob613
New Member

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.