@steinbla wrote:
I'm sure I understand the 60 day qualifier. It that 60 days from the termination of that job? Or wishin 60 days of this tax season?
Thank you for your assitance!
60 days from the date of distribution if you received the money. If it was a direct rollover form the plan to the IRA then the 60 day limit does not count. And there is no 10% penality for a rollover/conversion. Sounds like you entered the 1099-R incorrectly.
What code is in box 7? And is box 2a the same as box 1?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
