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    ksmoaks's Avatar
    ksmoaks Posts: 3, Reputation: 1
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    #1

    Jul 14, 2012, 09:14 AM
    Balance of 401 k after defaukt and 1099-R
    After the original loan has been reported as a default and 1099-R is generated for tax purposes, can the remaining balance of the 401 be rolled over into the new companies 401k.
    ksmoaks's Avatar
    ksmoaks Posts: 3, Reputation: 1
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    #2

    Jul 14, 2012, 09:16 AM
    Can I roll over remaining 401 k balance after loan id defaulted
    Can I roll over remaining 401 k balance after loan is defaulted
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jul 14, 2012, 11:23 AM
    Yes, you should be able to roll over the 401K to the new company's plan, no problem.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Jul 14, 2012, 11:25 AM
    Yes, it should not be a problem.
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