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.**