TaxGuyBill
Level 15

@HTS wrote:

They are starting the repayment process


 

What does "starting the repayment process" mean?

It depends on (a) what year the recontribution was made and (b) if you are using the 1 year inclusion or 3 year spread.  Read Notice 2020-50, starting on page 13:

https://www.irs.gov/pub/irs-drop/n-20-50.pdf#page=13

 

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