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Rollover Date

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ByJoe

L1: Rollover DateI received Form 5498 from my IRA holder and it showed an IRA balance of $207,785.44 as of 12/31/2003. It also shows a rollover contribution in August 2004 of $574,560 (this was from a 401k plan and was the current balance as of 12/31/2003). I started a 72T in Sept 2004 using a combined balance of the $207,785.44 and the rollover contribution of $574,560 in August for a total of $782,345.44 (this was the balance of a funds in the IRA as of 12/31/2003 and August 2004 with the August 2004 being the value of funds as of 12/31/2003)My question is will this be a problem because the form 5498 showed the IRA balance of $207,785.44 as of 12/31/2003, yet my 72T is based on the combined balance of $782,345.44?
ThanksJoe2005-01-24 20:59, By: Joe, IP: [67.169.13.239]

L2: Rollover DateHello Joe:
I think you are fine; I would however very carefully document this situation including copies of all the relevant accoutn statements @ 8/31/04.
TheBadger
wjstecker@wispertel.net
2005-01-25 16:14, By: TheBadger, IP: [66.250.23.21]

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