Reply To: Incorrect coding after 1035 on inherited non-qualified annuity with RMD

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#1873
Alan S.
Participant

Yes, but the date transfer to their tax reporting unit or firm will probably take place around the 10th since the 1099R forms must be mailed by 1/31. So it leaves a narrow window to intercept and amend the data. Seems like it should take someone at Nationwide less than 10 minutes to review the documents and see that the account was mistitled. Contributing to this error could well be that the PLR allowing 1035 exchanges of inherited annuities was just issued in 2013, and account techs probably still see very few of these, so force of habit is probably a factor.