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Retirement tax questions
There is nothing you can do to eliminate this taxable income from your 2020 tax return. The changes to the tax code made by the SECURE Act make such a taxable rollover irrevocable.
You might be able to establish a payment plan with the IRS if you are unable to pay the tax bill:
https://www.irs.gov/payments/payment-plans-installment-agreements
March 17, 2021
3:51 PM