Franklin
Recycles dryer sheets
A few months back I was trolling around on my Merrill Lynch account site and hit the wrong button. This began a redemption from one of my 401K accounts. Realizing my error I called and rep and they reversed the transaction by putting the monies back ($8,000) within a day. They did mentioned that I might get a 1099-R but not to worry as it had been returned. So....yesterday I got a 1099-R for $8K. The form says I had 60 days to return the funds to my IRA (which I did).However it did state that I should talk to my tax professional (in process). The 1099-R has a code Q and indicated taxable amount not determined. I am hoping this is not reported as income in anyway. Has anyone ever had this situation.? I feel so stupid if this alters my 2024 taxes.