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Clarification for Form 5330 regarding a financial institution that is a disqualified person

 

A financial institution that is a disqualified person who engaged in a prohibited transaction with respect to multiple IRAs or plans should file only one Form 5330 under that financial institution’s EIN, pay the appropriate tax and attach a list of all impacted IRAs or plans. Do not file a separate Form 5330 for each impacted IRA or plan.