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Deductions & credits
Hi, DanaB,
Reading directions for Roth IRA, you mentioned to Enter "P" in the Box 7 of the 1099-R.
This will indicate Return of contribution taxable in 2020. But the contribution was made in 2021 for Tax year 2021 and withdrawn in Mar 2022?
Also for Box 1 - it is $7000. What is the Taxable amount? I'd think $0 as money were contributed and withdrawn for the same Tax year?
Thank you.
March 28, 2022
12:27 PM