tcerny51
Level 3
03-17-2021
12:36 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
My client (61 years old) took a distribution from his 401K under the CARES Act. He deposited the proceeds into an IRA immediately. He received a 1099-R, showing this distribution as fully taxable. How do I show that funds went into an IRA, so he's not taxed on this distribution.
Labels