In December 2007, a $200,000 IRA withdrawal was made to purchase company stock holding land and was characterized as a 1099 distribution and not a transfer into another investment. There was approximately $100,000 of ordinary income that was generated and is thought to be a mistake as the client thought that they were making a direct transfer to purchase the land or be able to replace the withdrawal very quickly if the land was sold within 60 days. The land is still held as of today. Are there anyways to recharacterize this transfer from a distribution and get a revised 1099 at this time?