[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-48":3},{"rec_id":4,"title":5,"text":6},"48","How much is my rollover if my old retirement account withheld 20% of my distribution for taxes?","Ideally, you should always do a rollover by transferring directly between the two retirement accounts. A direct rollover means there won't be any withholding requirement.\n\u003Cbr>\u003Cbr>\nIf there was withholding, the amount you'll report as the rollover is the actual dollar amount you moved to the new plan or IRA account. In this case, you'll need to add out-of-pocket funds to avoid paying taxes on the withheld amount.\n\u003Cbr>\u003Cbr>\nFor example, let's say your total distribution was $1,000, but your old retirement account sent you only $800 because they withheld $200 in federal taxes. If you only deposit that $800, you end up with an $800 tax-free rollover and $200 of taxable retirement income. However, if you deposit the $800 you received and add $200 from your own funds, you'll complete a $1,000 tax-free rollover.",1777391527386]