- A letter that explains what you did.
- Copies of the brokerage statement that shows the withdrawals.
- Copies of both sides of the canceled checks.
- Copies of confirmations from the banks showing when the money was deposited.
- Your phone number and e-mail address so the IRS can get back to you if they have any questions.
Another thing … try to get all the banks to give you a form 5498. This shows that you made a rollover contribution to your IRA and include those with your letter to the IRS.” The lesson here is that before you move IRA or retirement plan money from one account to another think through the ramifications of what you’re doing. If you’re not sure, talk to your financial advisor or accountant. Otherwise a seemingly innocent transaction can turn into a kettle of worms. Best wishes, George P.S. I’m now on Twitter. You can follow me at http://twitter.com/efinancialwrite for frequent updates, personal insights and observations from my frequent travels around Costa Rica. If you don’t have a Twitter account, sign up today at http://www.twitter.com/signup and then click on the ‘Follow’ button from http://twitter.com/efinancialwrite to receive updates on either your cell phone or Twitter page.