☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Not applicable
posted Jun 3, 2019 1:35:50 PM

Can I reinvest a check from 401 account to my IRA account and save paying taxes on it

0 1 333
1 Best answer
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
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.