Get your taxes done using TurboTax

It sounds like your wife had a Traditional and Roth 401(k). If the $25,000 was a coronavirus related distribution, it would not be subject to the 10% early withdrawal penalty and could be repaid within three years to an eligible retirement plan or IRA.

 

Check out this article by law firm Ballard Spahr: IRS Guidance Provides COVID-19 Relief for Participants Taking Retirement Plan Distributions and Loan...

 

Give “Cheers” by clicking on the thumb icon
Click "Mark as Best Answer" if the post answer your question