qbteachmt
Level 15
03-14-2024
12:30 PM
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"and mark entire amount rolled over?"
Was there withholding on that distribution and this was a net check? If it was not made payable to the new plan/account, but to the taxpayer, you'll want to confirm they really put the entire amount in (had to make up the difference) the new plan/account.
You stated plan, not account. For example:
"Any taxable eligible rollover distribution paid to you from an employer-sponsored retirement plan is subject to a mandatory income tax withholding of 20%, even if you intend to roll it over later."
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