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gcmiles1
April 8, 2020
Question

i closed my company 401,took some money out and put 55,000 in a different 401 from fidelity,i just now got the 1099r that year, i paid taxes on the total balance.how do i show i put money in new 401

  • April 8, 2020
  • 1 reply
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    1 reply

    J
    JamesG1
    April 8, 2020

    How many 1099-R forms did you receive?  What codes are listed in box 7 of the 1099-R(s)?

     

    I am unsure whether you rolled over the $55,000 through Fidelity without you touching the funds (code G) or whether you received the funds and then re-deposited the funds into the second Fidelity account? 

     

    Did you re-deposit the funds in the second Fidelity account within 60 days of the receiving the funds?

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