401K Advice needed: Hello all, I needed money last year and took out $18K from my 401K. No penalty but will have to pay taxes. My goal is to roll over all my 401K to my IRA. Does anyone know if I still have to pay taxes if I return the money to my 401K? Any info would be appreciated!

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So you are rolling the rest of your 401k over and are asking if you can add back another 18k?

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AFAIK no since there are rules if your work doesn’t provide an IRA. I would check in personal finance bowl.

I would recommend investing in a Roth if you are eligible

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You should have already paid taxes on 1/3 of the $18k for the 2020 tax year. You can repay the remaining $12k to avoid paying taxes this year and next year.

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I’m assuming it was a pandemic related distribution, right?

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