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Retirement tax questions
Essentially what you did was a rollover/conversion which *must* have been done within 60 days of the day of the distribution. If more than 60 days, it would be an excessive contribution.
Since 20% was withheld I assume that the distribution was payable to you and there was a code 1 or 7 in box 7 and not code G.
Since 20% was withheld I assume that the distribution was payable to you and there was a code 1 or 7 in box 7 and not code G.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
May 31, 2019
7:35 PM