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Retirement tax questions
Thanks to all that replied. The settlement check was fairly large (+$500) compared to other stock lawsuit settlements I've received in the past (often around $10). I'd rather not worry about using the check as a contribution to the Roth account and the consensus seems to be that depositing the check into a bank account is okay. Not sure why the ligation folks didn't deposit the check back into the Roth as the check info includes the Roth account number. Perhaps it's because a deposit would be considered a contribution and that could cause problems for the account holders. Thanks again to all who replied.
‎October 22, 2021
3:55 AM