I will be receiving a distribution from an ESOP in the near future. The actuarial handling this has informed me that it will be distributed in shares of stock made out in my name. What is the proper way of rolling this over to my IRA which I have recently established without incurring tax penalties.My concern is that the certificates will be in my name and not a direct tranfer to my IRA. Any help/advice would be very much appreciated. I have contacted my tax advisor, the IRS and my broker and I get a different story from each....HELP! Anyone "been there, done that?"
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