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Retirement tax questions
No, the prepaid tax is applied to your tax liability for 2020, it is not income. If you did not put the funds back into the account or another account it would not be a rollover. You must enter the 1099-R to report the income, withholding, and RMD information. See Where do I enter my 1099-R? - TurboTax Support.
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March 9, 2021
2:58 PM