If you chose indirect rollover, your old plan sends you a check with the cash and withholds 20% of your funds. If you later roll the distribution over within 60 days, you must use other funds to make up for the amount withheld.
If you roll over the full amount of any eligible rollover distribution you receive (the actual amount received plus the 20% that was withheld):
- Your entire distribution would be tax-free, and
- You would avoid the 10% additional tax on early distributions.
irs.gov
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