Hi,
I have participated 401k in 2020. Due to COVID, I have changed the job and 401K was closed automatically by the employer because there was only one month of contribution and the amount was way under $5000.
I was issued 1099-R and my W-2 shows that I had participated 401K. Thus, my traditional IRA contribution was not deductible. Is there a way around it? Because I really did not have 401K plan at work and money was returned in 1099R, the company match was also taken away.
Please help....any input would be greatly appreciated!
Thanks in advance!
