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Other financial discussions
With the CRD from my 401k in 2020, we have the option to pay the distribution back within three years. I see no specific way of allocating money to my financial institution to state that I am repaying the money. The money I received was not set up like a loan. My question is: Can I use the money that I contribute to my 401k from each paycheck as a means to state (enter that amount into tax form) that I have paid some of the CRD back into my 401k when filing my taxes?
March 31, 2022
10:22 AM
1 Reply
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