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Retirement tax questions
Federal Taxes were paid on the distribution. When you get to the question about How Much Money was Actually Deposited - Do you say YES to the tax amount added? Or no, didn't add the tax to the amount.
example. Withdrew 5000.00 paid 100 in taxes.
The question is Did you deposit 100 from your own funds in addition to the 4900 received from the distribution
Do you answer: yes - added 100 to the 4900 (total 5000)
or
No didn't add.
Thank you.
March 8, 2021
2:28 PM