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Retirement tax questions
@fanfare wrote:
That doesn't sound like a COVID related distribution.
It sounds like a distribution related to a loan.
Drop the "L" code and see what happens.
Of course, to file that way would be a false return.
Filing without the L would guarantee a IRS audit and a bill for back tax plus interest and penalties
**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.**
March 15, 2021
10:53 AM