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Get your taxes done using TurboTax
You can do that as long as the broker qualifies them as two separate transactions.
You'll create a substitute 1099-R for this year to reflect the $8000 for 2024. Then, when you receive the 1099R showing 16000 for 2025 you will change it to 8000 before you enter it into next year's taxes.
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March 19, 2025
12:16 PM