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The IRS has provided guidance on circumstances in which it can waive the 60-day limit. Simple neglect by the distributee is not one, but an error by the distributing company is. The distributing company is required to provide notice to you of the 60-day limit (Pub. 560 page 19). Did it? I do not suggest going ahead with the transfer while there are open questions about its legitimacy, although you may assemble any necessary paperwork. Gazpacho fucked around with this message at 19:59 on Sep 25, 2021 |
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Sep 25, 2021 19:56
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| # ¿ Apr 18, 2024 01:24 |
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You should talk to an accountant and you should also talk to the distributing company to find out whether the check is still good for the amount shown, or they have withheld tax.
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Sep 26, 2021 21:21
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I suspected that and would have said it if I had found it laid out somewhere in IRS guidance for 401(k)s specifically, but I couldn't.
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Oct 17, 2021 17:20
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