Technical topics regarding tax preparation.
1-Jul-2022 4:24pm
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hi all, quick question. distribution from the above is taxable. but what if i put the money back in within the same year? Still taxable? tax effect? This has nothing to do with the 3 year COVID break. Thank you
1-Jul-2022 5:24pm
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- 23-Apr-2014 5:27pm
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You have 60 days to do an indirect rollover.
2-Jul-2022 10:13am
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- 21-Apr-2014 9:31am
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For an IRA. Timelines may differ on the 401k. You usually want to borrow from a 401k so that it can be repaid, IF the plan permits it. The re-contribution rules don't apply to 401k's, I don't think.
5-Jul-2022 8:43am
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I was thinking the distribution from the 401(k) Plan might be eligible to be rolled to an IRA.
5-Jul-2022 9:16am
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Ah, a slick way to get around the 401k rules! Love it.
9-Jul-2022 8:58am
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Thanks all. Terrific notes here
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