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Retirement tax questions
Sorry guys I am so confused by this... I put two 1099-R forms(since I have Roth and traditional) with correct numbers. From my Fidelity account, I can see that $6,288.17 was withdrawn separately for tax. After I put all the info in here, it is asking me if I want to pay all the tax this year and it says I reported $21,668 which is the amount I got in my hands. So, do I just not check the box and fill out 8915-E since it is Cares Act distribution? You guys were saying that 6K was withheld from my account, so I would get that back if I choose to pay tax through this year's tax return?
I appreciate you guys answering all the questions btw. Please explain it like I am a 5 year old lol
March 2, 2021
4:40 PM