Changing your mind on NUA – 60 Day Rollover
If an individual transferred shares of stock from their 401k to a taxable brokerage account, and then changed their mind and wanted to undo the NUA and make it a rollover IRA within the 60 Day window, are there any potential issues? The shares are in a publicly traded company and they went down in value a little bit from the price at distribution (but still well above the cost basis), could that cause problems like the 10% penalty on the difference? What are the mechanics on the tax return to do this the right way if the values are different but the number of shares are the same? Many thanks for any help.
Permalink Submitted by Alan - IRA critic on Thu, 2022-06-30 02:49
Permalink Submitted by Andy Bunch on Thu, 2022-06-30 03:47
This is so incredibly helpful – thank you for the thoughtful and quick response!