As part of a recent divorce decree a portion of my 401k was supposed to be transferred to a separate retirement account for my minor daughter with me as trustee. However, my brokerage firm distributed a check instead of rolling over the funds into a separate account (minus 20% tax withholding!). Can i now open a retirement account in my child’s name, deposit all funds and get back the 20% tax withheld?
QDRO qualified domestic relations order for minor
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