qbteachmt
Level 15
02-07-2022
05:27 PM
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And it's not Tax Year repayment.
I like to read articles from account managers and from the web that are written to the consumer, as opposed to tax preparers. Example:
"The three-year period for recontributions begins the day after the coronavirus distribution (Day 1) and ends on the third anniversary of Day 1. So if you took a distribution from your retirement plan on June 1, 2020, the three-year period during which you can repay the withdrawal without it being taxed as income begins on June 2, 2020 and ends on June 2, 2023."
I think you'll have to create a matrix, since it was three withdrawals. Repayments are the same as rollovers. Make sure to read all the qualifications.
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