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Retirement tax questions
That will be a Rollover. You have 60 days to put it back into a IRA. You will get a 1099R for it. If any tax withholding is taken out you will need to replace the withholding with other money when you put it in the new IRA. Or the withholding will become a taxable distribution and a 10% Early Withdrawal Penalty if you are under 59 1/2.
‎April 1, 2025
9:23 PM