qbteachmt
Level 15

Other questions

Your $2k is Required Withholding. You will get 1099-R from the entity making the withdrawal, and a 5498 from the entity getting the deposit. The Feds have your $2k until you prove the right to claim it.

 

You want to read about it here:

https://www.irs.gov/forms-pubs/about-publication-590-b

 

Do your own research, if you intend to take these risks.

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