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Retirement tax questions
You said: During this time, my previous employer contributed an additional match to my 401k account as part of a true-up for 2019 contributions.
Since employer match can only be before that money then that could not go to a Roth IRA, but as I said, that is immaterial because once the 401(k) is closed then it it not possible to return any excess from it, hence the Code E 1099-R rather than a normal return of excess with a code P or 8.
There was no need to make any IRA distribution.
User @dmertz do you concur or have a different opinion?
**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.**
‎July 3, 2020
7:11 PM