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M
mcpjrvap
April 14, 2022
Question

Wife received notification that her retirement income from 25 yrs ago at a job she left going to be dissolved. Funds were distributed without roll over option and 1099-R

  • April 14, 2022
  • 1 reply
  • 0 views
Is there anything I can do with this or will I have to pay the penalty and additional taxes?

1 reply

P
PattiF
April 14, 2022

You have 60 days from the date you receive an IRA or retirement plan distribution to roll it over to another plan or IRA. The IRS may waive the 60-day rollover requirement in certain situations if you missed the deadline because of circumstances beyond your control.

 

IRS Retirement Plans

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