Many years ago I opened a Roth IRA at Us bank and after 3 years my advisor suggested we transfer it to and annuity at Allsate to get a better interest rate. I said yes if you think that would be a investment. So a Roth to Roth transfer was done. Over the years I did most of my investing thru my employer so never contributed any more money into the account. About 8 months ago since I was 61 I decided to remove the money to help buy a new car. I assumed it was a Roth since that is what I set up and signed to have set over to Allstate. A few weeks ago I received the 1099R and it stated the distribution was from a trad IRA and at the taxable amount was the entire balance that was sent over a Roth. I called the bank and they have the paperwork that clearly states this was a Roth to Roth transfer and on the transfer agreed to place the funds in a Roth. Called Allstate and they are saying the application only stated a trad ira transfer, even though I have the paperwork in front of me. I faxed this info to them and asked for a corrected 1099R. My question is since this happened many years ago are they obligated to make the change?? It was all post tax money as I have the records of my contributions. If they will not make the change how do I file my taxes??? can I sent a copy of the application to the IRS??? what are my options...anyone have and opinion...
