Earlier in the year (07/03/217) I closed out an "old" employer sponsored 401K by rolling over to an existing personal Rollover IRA ($12,619.90).
Now, on 12/07/2017, there was a "contribution" (or some sort of dividend or some other financial action that I don't know the name of) for the funds from the 401K, and I was issued a check on 12/12/2017 for $0.45. The check was issued in my name.
Here are what I assume my options are:
- Shred the check, let the check expire after 180 days, forget this ever happened.
- Contact the issuing 401K management company, and ask them to cancel the payment.
- Deposit the check in my personal checking account. Include this in my federal tax filing at the end of the year. Make H&R Block Online get mad at me.
- Mail the check to the IRA management company, somehow endorsing the check over (FBO: Me).
Here is some extra information I have on the check:
- Distribution Type: Lump Sum
- Creation Date: 12/12/2017
- Tax Reporting State: CA
- Tax Year: 2017
- Tax Form: 1099R
- IRS Code: 1
- Gross Amount: $0.45
- Total Taxable Amount: $0.45
- Total Non-Taxable Amount: $0.00
- Net Unrealized Appreciation: $0.00
- Ordinary Income: $0.45
- Amount Eligible for Rollover: $0.45
- Amount Rolled Over: $0.00
- Net Amount of Check: $0.45
- Deduction Amount: $0.00
I'm ignoring the fact that a US postage stamp costs $0.49 right now. Also, I am motivated to have a clean ledger. Somewhere, someone has to look at this check on their books and see that it isn't cashed, so I'm not a fan of option #1.
What can I do with this $0.45 check?