I think I had a choice to transfer or withdraw it. Since I already withdrew it with 20% taxes withheld, would I still need to amend my 2019 taxes if I placed the payment into a new 401k or IRA? However, another 20% would probably be deducted from it when I withdrew it in the future (that would be a total oss of 40%)? I don't know anything about 401k or IRAs so I'm not sure how to create one on my own. My former employer automatically set it up for all employees.
When I amend my 2019 1040 form, everything will the same? The only form I need to edit is the 8880 form? Do you know how I can find out if I still qualify for the Saver's Credit? I use automated tax software that calculates it for ne, but amended forms can't be submitted electronically so it won't be automatically calculated for me.
