topic Re: 1099-R in Retirement tax questions

1099-R

dborowicz — Mon, 23 Feb 2026 11:43:04 GMT

I forgot to rollover an IRA.

The withdrawal was 3/1/2022. There was 10% withholding.

Distribution code is a 7

Is it to late to due a rollover, I could save $1600 in taxes.

xmasbaby0 — Fri, 24 Feb 2023 14:19:25 GMT

You have sixty days to do a rollover. Sounds like you missed that by not doing it by early May. Sorry.

dborowicz — Mon, 27 Feb 2023 13:07:26 GMT

Thanks

fanfare — Mon, 27 Feb 2023 13:29:19 GMT

if you have compensation 1040 Line 1 you can contribute back to your IRA up to $6,000 for 2022 and $6,500 for 2023 using those funds.