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Retirement tax questions
You were supposed to report the distribution using the 1099-R that was sent by the plan trustee. If you did, then the tax was already calculated and paid. If you did not, the IRS will certainly eventually send you a bill for unpaid taxes, late fees and interest. You should file an amended return now that adds the 1099-R to report the income from the distribution and pay any taxes owed.
‎September 8, 2020
3:01 PM
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