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Retirement tax questions
Hi: Your response is not correct. The IRS has ruled in two areas this year: 1. On March 27, 2021, the IRS ruled that due to the pandemic an RMD is not required for 2020. 2. And the IRS ruled that an individual has 60-days within which to roll over a 401K into an IRA. We rolled our 401K minus taxes withheld by Fidelity 7 days after we took out the money from our 401K Plan. So I believe that letter "G" + checking the IRA box in the 1099-R is the correct entry. But Fidelity (a horrible brokerage firm) refuses to provide us with a Corrected 1099-R. What do you think? Best regards. Donna
ā€ˇFebruary 13, 2021
10:18 AM