401k to Rollover IRA.

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redeemed1
Posts: 1
Joined: Fri Dec 10, 2021 5:50 pm

401k to Rollover IRA.

Post by redeemed1 »

I have not worked in 2021, so I will have no U.S. income in 2021 and only a very small amount of bank deposit interest to declare as Canadian income. I am a Canadian Citizen and resident. My former U.S. employer just did a distribution of my 401k at Principal to a U.S. Trust company which will become a Traditional IRA by default. What should I do with this account for tax purposes?
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