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In January, Donna's dad, who is 75 years old, agreed in an email with his financial advisor that he wanted to take a distribution of

In January, Donna's dad, who is 75 years old, agreed in an email with his financial advisor that he wanted to take a distribution of $50,000 from his IRA and roll it over into a new IRA. His financial advisor inadvertently moved the funds into a taxable account. This mistake was discovered by the advisor at the end of the year. As a result, the $50,000 will be treated as a taxable distribution. What should Donna's dad do? a. Request from the IRS a waiver of the 60-day rollover requirement b. Pay the income tax and seek relief from the financial advisor c. Pay the income tax d. Pay the income tax and move his funds to a new advisor

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