Yes! You can use AI to fill out Fidelity Advisor IRA Distribution Request for Automatic Rollover Accounts

Users often misunderstand the complex IRS rules and select the wrong distribution code in Section 3, such as choosing 'Normal Distribution (Code 7)' when they are under age 59½. This happens due to not reading the detailed notes on page 1. The consequence is incorrect tax reporting on Form 1099-R, which can trigger an IRS inquiry and potential early withdrawal penalties. To avoid this, carefully review the definitions for each code in Section A and consult a tax advisor if you are unsure which reason applies to your situation.

Applicants frequently leave the 'Existing Rollover IRA Account Number' field blank or enter an incorrect number because they cannot easily locate their confirmation statement. Without the correct account number, Fidelity cannot identify the specific account to liquidate, leading to an automatic rejection of the form and significant processing delays. Before submitting, locate your account confirmation statement or call the Fidelity representative number provided on the form to verify your exact account number.

In Section 5, people often make partial elections, such as checking the box to withhold at a specific rate but forgetting to enter the actual percentage. If no election is made, Fidelity is required to apply a default 10% federal withholding, which may not align with the applicant's financial plan. This can result in an unexpectedly smaller distribution check or a large tax bill later. To prevent this, double-check that you have either elected 'NOT to withhold' or have both checked the box and entered a specific whole number percentage for your withholding.

A surprising number of forms are submitted without a signature or date in Section 6. This is a simple oversight that renders the entire document legally invalid. An unsigned or undated form cannot be processed under any circumstances and will be immediately returned, delaying your access to funds by days or even weeks. Always perform a final review of the completed form, making sure you have provided a valid signature and the current date in the MM-DD-YYYY format before submission.

A common misunderstanding is using this distribution form to move funds to an IRA at another institution. This form initiates a taxable distribution, not a direct transfer, as explicitly warned in Note 4. This action can create a taxable event and requires the user to complete a complicated 60-day indirect rollover to avoid taxes and penalties. To correctly transfer assets, you must contact the receiving institution and have them initiate a direct transfer request on your behalf.

Applicants who have moved often enter their new address in Section 1 but forget to check the 'Update the address on my IRA account' box. They then select 'Distribute by check to address of record' in Section 4, causing the check to be mailed to their old, invalid address. This can lead to lost funds and significant delays in receiving the money. If you have moved, ensure you both enter the new address and check the update box in Section 1 to prevent this critical error.

Section 3 has two distinct subsections for different IRA types, but their layouts are similar, causing confusion. An individual with a Roth IRA might accidentally check a box in the 'Normal Distribution' section for traditional IRAs, or vice-versa. This leads to the distribution being processed with incorrect tax coding and reporting, potentially creating tax liabilities. Carefully verify your account type (Rollover/Traditional vs. Roth) and ensure you are filling out the correct part of Section 3.

The form is a non-fillable PDF, prompting many to print and complete it by hand, often with illegible writing. Poorly written numbers in the SSN, account number, or address fields can be misread during data entry, causing the request to fail verification or the check to be sent to the wrong place. To avoid this, use the 'Type on screen' feature if your PDF viewer supports it, or use a tool like Instafill.ai which can convert the flat PDF into an easily fillable version, ensuring all entries are clear and legible.

The state tax withholding rules detailed in the 'Notice of Withholding' are complex and vary widely by state. Applicants often ignore this section or make an election that is not permitted in their state of residence (e.g., electing 'no withholding' in a mandatory state). This results in Fidelity overriding the incorrect election to comply with state law, leading to a different net distribution amount than the applicant expected. Review the state tax table carefully to understand the requirements for your specific state before making an election in Section 5.

The form explicitly requires a mobile phone number and email address in Section 1 for transaction verification and authorization. Some users omit this information due to privacy concerns or provide a landline number instead of a mobile number. This will cause the form to be rejected, as Fidelity cannot proceed without the ability to contact you for security and authorization purposes. Always provide a current mobile number and a valid personal email address to ensure your request can be processed smoothly.