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Mar 29, 2024
6:00:26pm
RdF3 Inactive user
The risk of not getting it back in time & a potential mandatory withholding isn’t worth saving the $50 origination fee
Or whatever the fee is. Just do the loan. It’s so much cleaner and then you’re also not having to deal with 1099’s & 5498’s at tax time.

For one example I’ve seen a person & accountant miss the whole 60 day rollover & 5498 form and the accountant filed the tax return with the 1099 as though it were a distribution.
This message has been modified
Originally posted on Mar 29, 2024 at 6:00:26pm
Message modified by RdF3 on Mar 29, 2024 at 6:00:41pm
Message modified by RdF3 on Mar 29, 2024 at 6:01:08pm
RdF3
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swishh_15
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RdF3
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May 28, 2024
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