Retirement tax questions


@fanfare wrote:

"A repayment can only go into the account that the distribution came from."

 

Not according to the IRS instructions for COVID distributions.


What instruction is that?

 

And 401(k) contributions can only come a pay deduction on a W-2 box 12 and is NOT a "repayment".

**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.**