TomD8
Level 15

State tax filing

@Johnny28 

 

Did your 1099-R show any federal taxes withheld (Box 4)?  If so, you should have added an equivalent amount from outside funds to your indirect rollover.  Otherwise you were rolling over only part of the distribution, and the remainder would be taxed.

 

For an illustration, see How much can I rollover if taxes were withheld from my distribution? in this IRS reference:

https://www.irs.gov/retirement-plans/plan-participant-employee/rollovers-of-retirement-plan-and-ira-...

 

 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.