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Retirement tax questions
@rdavis0517 wrote:
1M
Code M is not a distribution that you received. It means that you no longer work for the employer with the plan and the money was used to pay off a loan.
Code M does allow you to roll an equal amount of money into a Traditional IRA using other funds if done before the due date of the return (April 15), or Oct 15 if you file an extension before April 15.
**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.**
March 10, 2021
3:44 PM