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Reinvest Distributed Roth 401k in Same Year
After leaving my employer during 2023, they automatically sent me a distribution check and took out taxes because the amount in the account didn't meet a requirement to maintain the account with the company. The company did automatically transfer another Roth 401k to a new investment firm which I maintain.
Regarding the account that was closed, and they sent me a check, can I still contribute the disbursement and equal taxes for 2023? I had cashed the disbursement check and the funds are still in a savings account.
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March 9, 2024
6:38 PM