Simply deposit the amount of box 1 into your Traditional IRA using other funds and instruct the IRA custodian that it is a code M (Qualified plan loan offset) rollover. This must be completed by tomorrow (July 15) or an extension must be filed by July 15 that will give you until Oct 15.
If you have not deposited the money yet then it is doubtful if it would be timely posted by July 15 at this late date.
Enter the 1099-R and indicate that you rolled it over.
**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.**
