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Retirement tax questions
@fanfare wrote:
I still don't understand why it has to be to the same account.
All IRAs are equivalent.
Suppose you close that IRA account. Repayment is disallowed?
Suppose it is a 401k but you leave and the employer closes your 401k.
I don't think anything was said about the same "account". You only have one Traditional IRA that is the aggregate total of all Traditional IRA accounts. Any Traditional IRA account is the same IRA.
**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.**
‎February 21, 2021
6:59 PM