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I have a client that took a dist from their 401k and rolled it into a Roth IRA, however, I am unable 2 get the program 2 show it as a 3 year event. The r/o was indirect.

bldubey
Level 1
 
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Just-Lisa-Now-
Level 15
Level 15

Can you get the 3 year spread for a roth conversion?   

The idea was to take money out because you were adversely affected by Covid, not to convert to a ROTH.


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qbteachmt
Level 15

"that took a dist from their 401k and rolled it into a Roth IRA, however, I am unable 2 get the program 2 show it as a 3 year event. The r/o was indirect."

This doesn't qualify for disaster distribution.

The disaster qualification would only be a rollover that is a nontaxable event. The provision isn't for taxable conversions.

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