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Retirement tax questions
I have a real problem with this statement " It was placed back into my IRA and was called a contribution. "
Talk to the IRA custodian ... it CANNOT be a contribution ... it must be reported as a rollover on the form 5498.
AND you cannot do this again for 365 days from the date of the second distribution so be careful it doesn't happen again.
‎July 3, 2020
9:26 AM