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Retirement tax questions
So if the total distribution resulted in $80,000 of taxes, but the rolled over amount would reduce that to $40,000, there is no way to file an amended return that shows the IRS took the funds? BTW, there was no early withdrawal since I am 64. But then, essentially that means the distribution is all aftertax and that I should not have rolled it over at all but kept it. Now that there is a new IRA, I will once again owe taxes if I withdraw? There has got to be a way to either have IRS reconcile what they took or to "unroll over" the current funds to their real after tax status. Otherwise this is one huge mistake on my part
May 31, 2019
5:42 PM