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Old 06-27-2013, 12:53 PM
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indirect ira rollover to 401k: options

I took an indirect rollover from an IRA to roll into a 401k.

Let's say for $4000.

At the end of the 60 day payback period, I only had $3000 available to put into the 401k, which I did. I was $1000 short.

During the 60 days though, I contributed over $1000 to the 401k. Let's say I contributed $2000 via payroll deduction.

Is there any way to use $1000 of the $2000 payroll deduction to offset the $1000 shortfall on the repayment?

Thanks for any help.



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