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Deductions & credits
You can't just use a different code in TurboTax without risking a challenge from the IRS. The payer has sent a copy of the Form 1099-SA to the IRS and the code 5 on this form is telling the IRS that this distribution was not eligible for rollover, is subject to income tax and, if you are under age 65, to a 20% additional tax.
‎January 28, 2023
1:09 PM
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