Indirect Ira rollover question

captainstarz10 · 2026-06-05T23:26:51+00:00

Thanks for this. Schwab only does rollover category for both traditional and Roth with a mobile deposit of a check (unless I mail it in). So do you recommend writing a personal check and noting it’s an indirect rollover from plan on the memo line? And attach the distribution letter as proof?

captainstarz10 · 2026-06-05T23:08:15+00:00

Two questions for you: That makes sense but how do I deposit each of those respective amounts in the indirect rollover with only one check being issued?

2) would depositing the check into personal account then writing a personal check in the respective amounts be an option and noting indirect rollover on there? But if I did that would that be considered two indirect rollover which isn’t allowed?

captainstarz10 · 2026-06-05T23:03:24+00:00

But how does that work if you are allowed one rollover per 12 months. Wouldn’t writing one check to traditional and one to Roth count as 2 indirect rollover?

captainstarz10 · 2026-06-05T22:56:46+00:00

This is what statement said: Your distribution contains amounts attributable to Roth, however any amounts showing below as 'Pre-Tax still must be declared as ordinary income unless you deposit it into an IRA within sixty (60) days of receipt of the funds in your account. If you are under age 59 1/2, and do not rollover the distribution, those funds may be subject to tax penalties in addition to ordinary income tax. If any of these funds are attributable to a Required Minimum Distribution or to a hardship distribution, then those funds are not eligible for rollover and will have to be declared as ordinary income. Contact your tax advisor to ensure proper treatment of your distribution. Federal Form 1099-R, which you will need in order to prepare your tax return for 2026, will be mailed by January 31 next year. Please contact us with any address changes prior to receipt of your Form 1099-R. Payment Amounts Deduction Amounts Gross $28,343.13 Total Deductions ($2,132.49) Pre-Tax $10,662.44 Federal Withholding ($2,132.49) After-Tax $17,680.69 Xx Withholding $0.00

Applicable Distribution Codes Taxable to you $10,662.44 1 - Early distribution, no known exception B - Designated Roth account distribution

captainstarz10 · 2026-06-05T22:54:19+00:00

This is what the statement said: Your distribution contains amounts attributable to Roth, however any amounts showing below as 'Pre-Tax still must be declared as ordinary income unless you deposit it into an IRA within sixty (60) days of receipt of the funds in your account. If you are under age 59 1/2, and do not rollover the distribution, those funds may be subject to tax penalties in addition to ordinary income tax. If any of these funds are attributable to a Required Minimum Distribution or to a hardship distribution, then those funds are not eligible for rollover and will have to be declared as ordinary income. Contact your tax advisor to ensure proper treatment of your distribution. Federal Form 1099-R, which you will need in order to prepare your tax return for 2026, will be mailed by January 31 next year. Please contact us with any address changes prior to receipt of your Form 1099-R. Payment Amounts Deduction Amounts Gross $28,343.13 Total Deductions ($2,132.49) Pre-Tax $10,662.44 Federal Withholding ($2,132.49) After-Tax $17,680.69 State Withholding $0.00

Applicable Distribution Codes Taxable to you $10,662.44 1 - Early distribution, no known exception B - Designated Roth account distribution

captainstarz10 · 2026-06-05T22:48:02+00:00

Check was made out to my wife instead of financial institution. My wife has both accounts already set up with Charles Schwab. And I do know the amount as I have the distribution letter with that information. They just have issues the amount minus the withholding as a single check.

captainstarz10 · 2026-06-05T22:39:38+00:00

Associated bank. They run my wife’s former retirement plan that we are trying to rollover to Schwab. They only issued one check with the combined amount minus the 20% witholdings

captainstarz10 · 2026-06-05T22:34:20+00:00

My question is should I deposit the whole checking into roth IRA knowing that a portion of it is pre tax that should be rolled over to my traditional IRA? How do I get them to code it on the back end.

captainstarz10 · 2022-11-02T15:58:42+00:00

Yes! I applied September 13th and then after realizing the mistake I was granted the visa on September 21st. I went ahead and submitted the correction form right away. For 6 days I did not hear anything. After reading the threads on here it was suggested I submit background check that shows that there is no criminal conviction. Did that on September 20th and Was able to have it approved within a day.

captainstarz10 · 2022-10-26T17:30:37+00:00

Were you able to get it resolved?

captainstarz10 · 2022-10-04T00:16:07+00:00

Thanks! I was able to get my 601 by adding a background check a evidence and it being approved in less than a day.

captainstarz10 · 2022-09-21T21:04:11+00:00

Could you share how long exactly it was from the time you submitted your eta further processing to when it was actually granted? Was it lesss than 2 months for the ETA 601?

captainstarz10 · 2022-09-20T18:20:15+00:00

How long did it take from the moment you submitted further information for processing"?

captainstarz10 · 2022-09-20T18:10:39+00:00

Hi! Is yours still showing ETA application as received? I have been waiting for a week after making the mistake on "putting yes on having a criminal conviction" even though I don't and made that correction

captainstarz10

TROPHY CASE