401k roll over

[philben1]

I received my 401K distribution 01/06/2025 from my employee after retirement unexpectedly and taxes was deducted from it.  I wanted to roll over the check into a IRA account tax free. Since my check is short by the amount of taxes paid, how do I recover the taxes that was withdrawn, so that I can roll over that amount as well.

Phyllis

[VolvoGirl · Accepted solution]

You have to deposit the withholding amount from your own other money.   If you don’t  replace the withholding with your own money then the withholding became a taxable distribution and possibly have the 10% Early Withdrawal Penalty.  

On your tax return you have to report the 1099R you get for it.   It won’t be taxable and you will get credit for the withholding taken out.