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Deductions & credits
Thank you for the quick reply!
Am looking at the (not yet submitted) form 1040. Box 4a is blank, Box 4b has my withdrawal amount.
Looking at the 1099-R form, the IRA/SEP/SIMPLE box is (X), so I assume that means it is checked. Also "Taxable amount is not determined" is checked, and "State distribution" is the withdrawal amount.
I assume that my company's account is a 401k, but maybe I am wrong on that. I do have a separate IRA. Will check that now.
I was thinking that since it was not an automatic withdrawal (like a regular pension amount), it would not be a qualified amount.
March 17, 2023
4:02 PM