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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
March 16, 2020
1:13 PM