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Merrill Lynch.force closed my IRA account. withholding 10% for taxes. I deposited the balance into another IRA account within 60 days. What options are available to me?
Merrill Lynch forced closure of my IRA account. I did not request it. They sent a letter and then closed the account. They also withheld 10% for taxes. I deposited the balance into another IRA account within 60 days. I noticed it when I got the 1099-R. They are saying that they have remitted the money to IRS and cannot do anything now. I feel so cheated. I never requested the withdrawal in the first place. How can I get the withheld money back. If not, what options are available to me? Thank you in advance for all your help.
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‎June 4, 2019
6:13 PM