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Retirement tax questions
Thanks, a follow-up: The distribution was $63,204 and the income taxes witheld were $12,656. My wife sent her sister a check for $31,602 and her sister reported that as income and half of the taxes witheld. If we now include the entire amount of distributions on our return, we'd be reporting as income the sister's $31,602 as well our $31,602 share of the distribution. Is there any way we can just report or include the net amount as income to us?
‎October 12, 2020
10:36 AM