You'll need to sign in or create an account to connect with an expert.
Can you clarify what type of qualified retirement plan you inherited? The options for beneficiaries vary depending on the type.
You are not permitted to have rolled this distribution over to your own 401(k) account. Doing so likely constitutes a failed rollover, a taxable distribution from your father's 401(k) and and an excess contribution to your own 401(k). The only permissible rollover was a direct rollover to an inherited traditional or Roth IRA for your benefit, but that apparently is not what happened.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
bethfly
New Member
helloTT102
New Member
bjcksn04
New Member
spades077
New Member
thankfulsmith
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.