I cashed out my 401k. A portion was used to pay off mortgage and major medical expenses. Can I reduce my tax by putting the remaining funds into an IRA by April 15?

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I cashed out my 401k. A portion was used to pay off mortgage and major medical expenses. Can I reduce my tax by putting the remaining funds into an IRA by April 15?

When did you cash it out? You only have 60 days to roll it into a IRA.

I cashed out my 401k. A portion was used to pay off mortgage and major medical expenses. Can I reduce my tax by putting the remaining funds into an IRA by April 15?

I cashed out on November 30th 2019

I cashed out my 401k. A portion was used to pay off mortgage and major medical expenses. Can I reduce my tax by putting the remaining funds into an IRA by April 15?

You are past the date for a rollover.

Report the Form 1099-R as received on your tax return.

I cashed out my 401k. A portion was used to pay off mortgage and major medical expenses. Can I reduce my tax by putting the remaining funds into an IRA by April 15?

Oh well I was hoping......Got it Thanks!

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