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CARES act 401k withdrawal / indirect IRA rollover
I had a qualified CARES act 401k withdrawal over the summer (hours were reduced at work) and later decided I did not need the funds for living expenses (I qualified for unemployment, among other things) and so I completed an indirect rollover of the funds to my traditional IRA. Can someone confirm that this does not trigger a taxable event and I do not need to report the funds as taxable income or repay it over the next 3 years? Thank you!
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‎January 18, 2021
10:44 AM