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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: sea_biscuit who wrote (2327)12/8/1997 7:41:00 AM
From: Boca_PETE  Read Replies (1) of 42834
 
Dipy:
In the situation you described, I believe you would contact your trustee and advise them to change the designation of the account back to a regular IRA. If this were done prior to the trustee's filing with the IRS in the following year, I believe you'd be O.K. Otherwise, it's 20 years at Levenworth in solitary confinement with no chance of parole and no radio to listen to Moneytalk :-))

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