Automatic doubling // Brokerage clients automatically duplicate their accounts
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There is a growing number of complaints about the inadvertent opening of repeated individual investment accounts (IIAs). We are talking about the automatic opening of IIS together with a brokerage account or the “doubling” of IIS during an inter-broker transfer. Given that you can have only one such account, there is a risk of losing tax preferences. In this case, experts explain, the Federal Tax Service should be promptly notified of the erroneous action by providing documents on the absence of transactions on the new account.
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