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Distribution from an IRA to a non-IRA brokerage account
I made a sizable distribution from a traditional IRA to a non-IRA brokerage account not fully understanding the Tax consequences. The purpose for the distribution was to allow me to invest in a fund (in my brokerage account) that has a minimum investment requirement. I now realize what a blunder that was as I now owe a substantial amount of taxes. Does anyone have any ideas of how I can undo this?
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‎February 19, 2022
1:36 PM