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I withdrew all acquired monies from my previous company
I withdrew all acquired monies from my previous company pension plan and rolled it over to an IRA. The 1099-R Box 7 is coded G. I later withdrew some of the money to use. The tax program I am using is… read more
James Daloisio
James Daloisio
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Doctoral Degree
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I made IRA withdrawal in December and rapid a portion of
Hi , I made IRA withdrawal in December and rapid a portion of this in next year January. My 1099-R shows the full amount as gross proceeds and taxable amount. How do I report this Roll over as I made … read more
ALEX O
ALEX O
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Second opinion] retirement rollover was put into an annuity
Second opinion] retirement rollover was put into an annuity held in an IRA. what are tax consequences for full distribution after age 59 1/2? … read more
Lane
Lane
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Someone has code 1 for a 401K distribution but they are
Roger,Someone has code 1 for a 401K distribution but they are telling me they are exempt from the penalty because they are “paying a loan back” and bought a first home( which 401k doesn't qualify for … read more
taxmanrog
taxmanrog
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In 2018 we took a $6000 early IRA distribution to help with
In 2018 we took a $6000 early IRA distribution to help with our son's college expenses. Due to other circumstances, we were able to put $4000 back into the account in the same year. Therefore we have … read more
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If I borrowed from my 401K, how does the IRS know when I pay
If I borrowed from my 401K, how does the IRS know when I pay it back? … read more
Lane
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Regarding 60 day rollovers to Sep IRA...let's say I withdraw
Regarding 60 day rollovers to Sep IRA...let's say I withdraw $20,000 on June 1, 2018 and on July 28th, 2018 I put $15,000 back into the same account (ie: rolled over within 60 days) the custodian woul… read more
James Daloisio
James Daloisio
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I am trying to do my taxes. I left work after a stroke and
I am trying to do my taxes. I left work after a stroke and took my 401k as a total distribution and rolled it over to an IRA savings but did withdraw money from the savings IRA and did have taxes with… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
4,197 satisfied customers
After retiring I combined an IRA and several 401K's into an
After retiring I combined an IRA and several 401K's into an IRA with Wells Fargo advisors. This was to have everything in one place. I just received a 1099 for the IRA ($41,000). There was apparently … read more
Lev
Lev
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I received a 1099-R, it has the amount in box 1 of the
I received a 1099-R , it has the amount in box 1 of the distribution I took, but in box 2a for the taxable amount it has the same amount. This can't be right because I paid back all but $11,000 within… read more
Mark D
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I am attempting to rollover the funds in a 401k account with
I am attempting to rollover the funds in a 401k account with a former employer to an IRA. After much haggling to custodian of the 401K plan issued a check dated 8/17/2016 to me, but deducted federal a… read more
Lane
Lane
JD, MBA, CFP, CRPS
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Will IRS be lenient to a tax payer under 59 1/2 that
Will IRS be lenient to a tax payer under 59 1/2 that unintentionally rolled IRA money to checking account and then wrote check to new IRA custodian forgetting about the under 59 1/2 rule. I had heard … read more
Robin D.
Robin D.
Senior Tax Advisor 4
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In CY2013 I took an early withdrawal from my Etrade
Hello! In CY2013 I took an early withdrawal from my Etrade IRA ($9,600) - During that same year I moved all of that money to a Fidelity 401K Retirement Account where I had a loan - Do I owe taxes and … read more
Marvin,EA
Marvin,EA
Enrolled Agent
Bachelor's Degree
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took funds from ira of $40000 and $30000 from two different
took funds from ira of $40000 and $30000 from two different ira's in 2014. within 60 days rolled over and put $40,000 back into one ira and $20,000 in the second ira. how is this taxed?… read more
Lev
Lev
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I took an excess distribution of my IRA in 2014, corrected
I took an excess distribution of my IRA in 2014, corrected it within one week by a rollover contribution to the same IRA. How do I report this on my 1040. Fidelity provides only the 1099R with the ori… read more
Robin D.
Robin D.
Senior Tax Advisor 4
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I took an early distribution of a 401k from an employer I no
I took an early distribution of a 401k from an employer I no longer work for. Date processed was 01.02.2014. 20% tax withhold was applied. I want to re-invest (I am still within the 60 day time frame)… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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Greetings, I received a 1099-R in 2008 for an early IRA
Greetings, I received a 1099-R in 2008 for an early IRA distribution that was rolled over into another tax deferred account within 60 days in the same year. How do I report the rollover? It is not inc… read more
BK-CPA
BK-CPA
Bachelor's Degree
919 satisfied customers
Can I contribute a portion of the 401K MRD, mistakenly taken
Can I contribute a portion of the 401K MRD, mistakenly taken in early '09, as a rollover to my IRA; it's been over 60 days since 1/1/10 of course, and I'm 75 years old?… read more
Merlo
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