I sent a brokerage check from my IRA account to the brokerage as a contribution to a charitable gift fund operated by the same brokerage. The check was used to purchase shares for the gift fund on Dec. 28, 2000, creating for me a year 2000 tax deduction. However the brokerage's bank did not clear the check until Jan. 2, year 2001. Thus I did not make my year 2000 minimum distribution, according to the brokerage "financial specialists" who answer phones. They ignore the Dec. 28 date the check was used to purchase shares. However they have been unable to provide the text of the IRS guideline (or the company's guidelines) to validate that only the check clearing date is a determining factor. Has anyone any knowledge on the matter?
Quite an interesting dilmemna. I don't know the answer offhand but I'd suggest you post this question on the following website: www.irahelp.comThe site is run by Ed Slott, who is highly regarded as an IRA guru. The bulletin board there is devoted to solving ira problems & I'd think you'll a solid answer there.Regards, Gregg, SeaPA
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