- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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
March 17, 2021
10:27 PM