My followup question is this:
Since we are talking about a likely tax liability for this of over $4,000 I'm thinking that I should make the payment this year and not wait until next year to file my 2025 tax return. What process should I follow to do that, other than of course completing the 1099R as you described. Can I use Turbotax for this even though I've already used it to file my 2024 tax return?
Thank you so much. I may have more later.
