adz88
Returning Member

401k Cares Act Covid Withdrawal and Repayment?

I understand that you can repay your 401K Cares Act withdrawal over the course of three years and recoup the taxes paid.  My question is does that money need to go into the same 401K that it was withdrew from? I have since my withdrawal rolled over that account into another 401K and no longer have the account I originally withdrew the money from. Second, do continued regular paycheck contributions to my current 401k count as repayment of the cares act hardship withdrawal? Even though I took money out of the account I never stopped contributing.  Example...took a hardship cares act withdrawal of 5K in March 2020 and since that time for the remainder of 2020 I continued paycheck contributions to my 401k of around 3K in total.

 

Thankyou!