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Old 02-26-2018, 12:37 PM
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Join Date: Feb 2018
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IRA Loan

Wife borrowed $175,000 from her IRA in 2017 to purchase our new home. It was paid back within 60 days, using proceeds from the sale of a home, making the loan non taxable. However, the 1099 indicates that loan as a taxable distribution. Found out the 175,000 repaid will be reported on form 5598 as late as May 31. How can I file my taxes by April 17 without that 5598? Ameritrade says there?s a way, but can?t provide tax advice.



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