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<< Just a further question along this line. I opened my Roth IRA April 4 and did designate the contribution as 1999. However all the paper work that I have gotten from the brokerage has it listed as a "2000 rollover". Don't ask me where they got this. I have contacted them twice about it, and supposedly they are processing some paperwork to change the year.


1) How concerned should I be about this and the June 30 reporting date for the IRS? >>

Not at all, since there's nothing you can do about it. You may get an inquiry down the road from the IRS, but you'll have the information necessary to respond.

<< 2) Can the same type of paperwork be filed for the original poster, or is it only possible because my brokerage is the one that made the error? >>

It is not the brokerage that designates the contribution, it's the taxpayer. In your case, you designated a contribution other than the way the brokerage recorded it. For the brokerage to deliberately misreport the original contribution in question as a 1999 contribution would be fraudulent. I'd worry about dealing with a brokerage that would do it.

Phil Marti
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