Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- 407B ROLLOVER TO AN IRA
407B ROLLOVER TO AN IRA
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
JJD753
Level 3
03-30-2021
09:10 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I have a client who recieved a distribution form his 457B plan on a w-2 and then deposited it in his ira within 60 days. Can he do this? I'm thinking it should have been done institution to institution and maybe that would have been reported on a 1099R? At any rate, if he is allowed to do this, how would I show it on the return?
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
qbteachmt
Level 15
03-30-2021
11:38 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Use this chart:
https://www.irs.gov/pub/irs-tege/rollover_chart.pdf
It also matters if that is a governmental 457(b), or nonqualified.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
