@youssefelramy wrote:
Hello, in 2020 I contributed $2300 to my traditional IRA account, I don’t want to pay taxes on them now, when I put the 2300 in turbotax I’m only getting $10 return from the State, when I put that I got distribution for $2200 I paid $220 in taxes, it looks like something wrong is going on, can someone help please. thank you! (I hope it the question is clear)
Do you have a 1099-R for the distribution? What code is in box 7?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
