https://ttlc.intuit.com/community/taxes/discussion/profit-sharing-funds/01/2791686#M1030344 <P>The company my husband worked for was sold this year. He received a profit-sharing check after the sale was finalized, but taxes were not taken out. Is it best to transfer those funds to a 401k to avoid paying high taxes next April? We are in the 50+ age range and neither of us has reached the 401k limit yet.&nbsp;</P> Tue, 10 Mar 2026 06:56:55 GMT Dkdickson03 2026-03-10T06:56:55Z https://ttlc.intuit.com/community/taxes/discussion/profit-sharing-funds/01/2791686#M1030344 <P>The company my husband worked for was sold this year. He received a profit-sharing check after the sale was finalized, but taxes were not taken out. Is it best to transfer those funds to a 401k to avoid paying high taxes next April? We are in the 50+ age range and neither of us has reached the 401k limit yet.&nbsp;</P> Tue, 10 Mar 2026 06:56:55 GMT https://ttlc.intuit.com/community/taxes/discussion/profit-sharing-funds/01/2791686#M1030344 Dkdickson03 2026-03-10T06:56:55Z https://ttlc.intuit.com/community/taxes/discussion/re-profit-sharing-funds/01/2791741#M1030345 <P>It would be best to rollover to a 401K. The time limit to do so is 60 days from date of receiving distribution, or the amount will become taxable.</P> Wed, 16 Nov 2022 18:46:54 GMT https://ttlc.intuit.com/community/taxes/discussion/re-profit-sharing-funds/01/2791741#M1030345 R-SchuleCPA 2022-11-16T18:46:54Z