Re: penalty for excess IRA contributions - too late to file amended return
- From: no_replies_newsgroups@xxxxxxxxx
- Date: 24 May 2007 19:05:04 -0700
Thank you Charlie. You are right.
The nonperiodic distribution was a loan from a pension plan, and pub
575 says that a loan treated as a distribution is not eligible for
rollover. But, thanks to your comment, I found the exception in pub
575 and a recent IRS ruling that say it is eligible if the loan amount
is used to offset the accrued pension benefits.
.
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- Re: penalty for excess IRA contributions - too late to file amended return
- From: Charlie K
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