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Re: shotsky post# 35243

Friday, 06/30/2017 9:32:41 PM

Friday, June 30, 2017 9:32:41 PM

Post# of 96905
Hey Shotsky, I am not sure you will be able to put all of it into your rollover IRA. I just accidentally used my IRA account to purchase a load of stock which went from $.03 to $1.04. I have three accounts with this particular broker and didn't mean to place the purchase into that account. But anyway, I got a call from my broker explaining that I was only allowed to put up to $6,500 into that account annually. I am going through some difficulties now as the government wants 20% of that overage. I am not sure how a 401k rollover IRA will handle this but my accountant is trying to get it all put into one of my other accounts immediately.

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