turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

westin84
New Member

I missed the 60-day role over window from my IRA - now what do I do?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I missed the 60-day role over window from my IRA - now what do I do?

6 Replies
dmertz
Level 15

I missed the 60-day role over window from my IRA - now what do I do?

What was the reason that you missed the rollover deadline?

I missed the 60-day role over window from my IRA - now what do I do?

I missed the 60-day role over window from my IRA - now what do I do?

As I said in the other post you will get a 1099R for it from the IRA account.  And we never understood how or exactly where you moved it.  You should ask the IRA plan if it was an actual distribution and what code will be on the 1099R box 7.
dmertz
Level 15

I missed the 60-day role over window from my IRA - now what do I do?

While the deadline can be waived for certain extenuating circumstances, if it was simply your choice not to roll over the distribution before the 60-day deadline, Opus 17's answer applies.

I missed the 60-day role over window from my IRA - now what do I do?

Pay the tax.  

I missed the 60-day role over window from my IRA - now what do I do?

and the 10% penalty if applicable.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies