BB35
New Member

Retirement tax questions

I received my 1099-R for my offset distribution and have M1 in box 7.

 

My question regarding the Traditional IRA is that I had a loan over the yearly limit of $6000.  Can I put the max $6000 into taxable year 2019 and the remainder into taxable year 2020.... Just trying to stay within the rules of returning the distribution into a qualified retirement account while also having a larger figure than I can put into an IRA for the year

 

Thanks