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1099R
A family member withdrew all their funds from their 401k due to a job loss and financial difficulties. This person rolled their 401k into a traditional IRA within 60 days of 2020 less some cash to cover expenses. She now has a 1099R from the 401k and a 1099R for the money she didn't put into the IRA? It seems like she is being taxed twice? Is this correct?
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March 4, 2021
5:32 AM