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Get your taxes done using TurboTax
You only need to report year end values of retirement accounts where you made Non-Deductible Contributions, on Form 8606.
If you are getting annual RMD distributions reported to you on Form 1099-R, you don't need to report the year-end value of your 403B account to the IRS. The Plan Administrator is responsible for distributing the correct amount to you each year.
Here's more info on Tax Sheltered Annuity (403b) Plans.
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March 2, 2024
9:49 AM