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Retirement tax questions
I'll try to explain this part again. Actually when you rolled it over you needed to replace the 20% taxes with money from your own checking or savings account. So 100% would go back. Since you did not roll over the full 100% gross amount then the 20% they kept out for withholding becomes a taxable distribution by itself. But you also get credit for the 20% withholding .
‎February 15, 2021
11:13 AM