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Get your taxes done using TurboTax
I believe you are correct and the form was completely incorrectly by the retirement benefits firm. IRA/SEP/Simple is not checked on the 1099 or when entered into Turbotax. I believe line 5 of the 1099R should be my basis or after tax contributions to the 401K, line 1 should show the full amount transferred, and line 2A should be $0. This was the way my form appeared in prior years.
May 1, 2021
1:53 PM