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Get your taxes done using TurboTax
Thank you for that explanation. I understand that better now. So I should only be paying for the tax associated with 1/3 of the distribution as regular income. I must have the amount in the wrong place. Am I reading the question correctly as it looks like the tool is asking for the 1/3 amount (from line 9 of the 2020 form) in 2 places?
March 26, 2022
7:08 PM