KrisD15
Expert Alumni

Retirement tax questions

To clarify, 

 

Whose IRA did you take a distribution from? 

Since you are not yet 59 1/2, will you be charged a penalty? 

Do you each have an IRA? 

If you took the distribution in 2021, the 60 day window has expired for doing a roll-over. 

Yes, you can make a deposit for tax year 2021 as long as it is done by April 18th 2022 and you tell the bank it is for 2021. 

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