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steve123
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My wife received a w-2 for a non qualifying retirement account withdraw. Taxes taken but not enough. Anything be done to reduce the additional taxes?

This withdraw closed the account because she left the company.  We were told by the manager of the account this withdraw could not be rolled over to reduce taxes.

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My wife received a w-2 for a non qualifying retirement account withdraw. Taxes taken but not enough. Anything be done to reduce the additional taxes?

If she is eligible, she can contribute to an IRA, but that is a separate transaction unrelated to the distribution from the non-qualified plan.

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My wife received a w-2 for a non qualifying retirement account withdraw. Taxes taken but not enough. Anything be done to reduce the additional taxes?

If she is eligible, she can contribute to an IRA, but that is a separate transaction unrelated to the distribution from the non-qualified plan.

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