KeshaH
Expert Alumni

Retirement tax questions

Yes, if there was no tax withholding and you rolled over the full amount of the distribution, the taxable amount of the distribution would be zero

 

However, if there was any tax taken out of the distribution, you would have had to also put that amount into the new account to make it completely tax-free. If the tax was withheld and you didn't deposit it, that amount would be considered a taxable distribution subject to any applicable penalty.