Go one penny over this amount and a report must be filed (currency transaction report). If you deposit checks or have the money wired in or direct deposited there is no form. It is for CASH only, going in or out of the bank.
The short answer is that yes, you can roll the funds from a traditional IRA into a 401(k) as long as the 401(k) plan allows it.The same goes for doing a rollover into a 403(b). The slightly longer answer is that you can only roll over tax deductible contributions and earnings.he short answer is that yes, you can roll the funds from a traditional IRA into a 401(k) as long as the 401(k) plan allows it. The same goes for doing a rollover into a 403(b).
Another Option: Loans. If you do not qualify for a hardship withdrawal you may still be able to use your 401(k) savings to fund the purchase of your home. If permitted by your plan, you can take a loan equal to 50% of your vested account balance, up to $50,000.In most cases, loans from your 401(k) must be repaid within five years.nother Option: Loans. If you do not qualify for a hardship withdrawal you may still be able to use your 401(k) savings to fund the purchase of your home. If permitted by your plan, you can take a loan equal to 50% of your vested account balance, up to $50,000.