Can I reinvest a check from 401 account to my IRA account and save paying taxes on it
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1 Best answer
Coleen3
Intuit Alumni
Jun 3, 2019 1:35:55 PM
You have 60 days to rollover from your 401k into your IRA. As long as you are within that time period, you can. If taxes are withheld, you will need to also deposit that amount or it will be recorded as a distribution and be taxable.
1 Replies
Coleen3
Intuit Alumni
Jun 3, 2019 1:35:55 PM
You have 60 days to rollover from your 401k into your IRA. As long as you are within that time period, you can. If taxes are withheld, you will need to also deposit that amount or it will be recorded as a distribution and be taxable.