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Get your taxes done using TurboTax
Does anyone have any other thoughts on this scenario? Funds were paid back to a traditional IRA instead of the same 401k that they came from (via indirect rollover--with proper form indicating it as an indirect rollover). My thinking is it doesn't make any difference from a tax perspective, but not sure if the IRS would have some language indicating the pay back has to happen to the same account? Thanks!
‎January 22, 2021
6:14 AM