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got 1099R box 7 code M as distribution for 401K loan with previous jobs; turbotax suggest I can still repay or deposit to traditional IRA as roll over or repayment before tax deadline April 15 2021; how to file or do the paperwork for it?
got 1099R box 7 code M as distribution for 401K loan with previous jobs; turbotax suggest I can still repay or deposit to traditional IRA as roll over or repayment before tax deadline April 15 2021; how to file or do the paperwork for it? I have the money to repay the loan via deposit to Fidelity or Merrill Lynch or any bank; but what do I need to avoid being taxes or penalty? I am over 55 for tax year 2020. Thank you.
‎February 22, 2021
9:08 AM