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We took 30,000 from our PaineWebber IRA and rolled it into the JACOB FUND as an IRA. We filed our income tax report and did not indicate we were taking a distribution since we did not. Now PW has sent us info that they called it a distribution. What forms do we file to let the govt know that this was a simple rollover? They even called a move within their firm from one annuity to another a distribution!!!
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<< We took 30,000 from our PaineWebber IRA and rolled it into the JACOB FUND as an IRA. We filed our income tax report and did not indicate we were taking a distribution since we did not. Now PW has sent us info that they called it a distribution. What forms do we file to let the govt know that this was a simple rollover? They even called a move within their firm from one annuity to another a distribution! >>

Please advise how the transfer to the Jacob Fund was handled: a direct trustee-trustee transfer or a check to you which was then deposited with the new custodian.

Phil Marti
Tax Preparer

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