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Deductions & credits
Delete it all! Once the 1099-Q is deleted, the 5329 will quit showing up.
I would recommend that you keep your list and paperwork all together. The IRS may come back in 3-4 years and say you had 1099-Q income. You want to be able to make a copy of your records and send it back with their letter. Even if you reported the 1099-Q, they could still ask for the expenses so it is moot.
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‎April 8, 2021
5:32 PM