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Laid off. 401k auto rolled (no other option) over to IRA. Can I still create an IRA for income deduction in 2018? Thank you very much for your help!
I was laid off. In taking my first withdrawal from my 401k I was told I could only make this one withdrawal and the rest *must* be rolled over into an IRA.
As my unemployment progressed I withdrew from the IRA until it was gone (2018).
I have a job now and want to create a traditional IRA before April 15, 2019 to be attributed to my 2018 tax year for the income deduction.
Did that 401k forced rollover from my 401k to an IRA mean I can't now create one for 2018?
BTW, I only received one 1099-R from Fidelity noted as "G"=direct rollover. I didn't receive a 1099 for the subsequent withdrawals from the IRA.
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‎June 1, 2019
12:06 PM