@bkmDanno wrote:
Thank you for your quick reply! So you mean I can take after-tax funds from a regular savings account and put that into a new roll-over account? I guess those savings account funds can be considered the pre-tax loan funds that came out of the 401k last year so that does make sense that that's a roll-over even though it's not direct. Ok, I'll try that.
I'm looking at the IRA deposit form that Ameritrade sent me and it only has these items available:
- Traditional Contribution
- Roth Contribution
- SEP Employer Contribution
- SIMPLE Contribution
- Direct Rollover
- 60-Day Rollover
- Direct Transfer
- COVID-19 Repayment
- Roth Conversion
So maybe Ameritrade doesn't have the ability to accept the kind of rollover you're talking about.
Thank you for your help and I will definitely be applying for an extension.
Dan
Yes, it doesn't matter where the money comes from. Anything you put into a rollover IRA up to the amount of the code M distribution will count as a rollover.
It looks like "60 day rollover" is the closest to being correct. If they can't understand that "60 day rollover" includes the special provision in the case of a loan after termination, then find another plan to accept the rollover.
