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Retirement tax questions
A code 1M is fully taxable UNLESS you use other funds to roll that money into a retirement account by the due date of the tax return. Then you report is as a non-taxable rollover.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎February 23, 2021
7:47 PM