Ray71
Returning Member

CARES Act Distribution Rollover

Based on the CARES Act I I drew $100K from my 401K account and received the funds in my bank account on Dec 2, 2020.   I want to rollover the $100K to my personal IRA in Vanguard rather than return it to my 401K.  

 

Questions: 

1) I have an electronic transfer established from my checking account to my Personal Vanguard IRA account.  If I electronic transfer $100K from my bank account to my Personal Vanguard IRA account within 60 days that I received $100K from my 401K, will this be considered a rollover?

 

2)  Do I need to request from Vanguard that states that $100K electronic transfer from my bank account to my Vanguard Personal IRA account is a rollover?

 

3)  How do I handle this roll over in Turbo tax?