@VolvoGirl
So I get this:
Good news! You don’t owe taxes on your rollover
You won't have to pay taxes on your 14,358.63 rollover from Truist Bank.
Since Jessica rolled the entire amount to another retirement account, you don't have to pay taxes on it. This is because you didn't actually pocket the money, but kept it within a qualified retirement account.
Certain withdrawals can be rolled over tax free if it’s done within a specific timeframe, normally 60 days.
If any money was withheld from this distribution, we'll take that into account in your overall tax return.
Is the part in bold the part you're referring to?
February 15, 2023
11:24 AM
