beubanks
Sep 10, 2008, 05:53 PM
I just left a company where I had a 401K plan. I wanted to roll all the money over to another 401K plan but I messed up.
I had them cut me a personal check and they took out Federal Taxes. I want to put the remaining balance in my Schwab 401K plan which is before the 60 day requirement date I need to put this money in another 401K account without being taxed.
Since the federal taxes have already been taken out of this money can I now write those taxes off against my return I will file next year? I need help on knowing how to handle this situation?
I had them cut me a personal check and they took out Federal Taxes. I want to put the remaining balance in my Schwab 401K plan which is before the 60 day requirement date I need to put this money in another 401K account without being taxed.
Since the federal taxes have already been taken out of this money can I now write those taxes off against my return I will file next year? I need help on knowing how to handle this situation?