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Retirement tax questions
@DaveF1006 For Box 7, shown below, for Traditional IRA convert to Roth IRA, do we choose #2?
Select a code_#2 early distribution (except Roth IRA),
am I right?
And also, when I continue, it shows
"Based on your entry for box 7 on your 1099 R, you don't need to pay any extra taxes on the money taken out of this account. " which makes me very confused.
Thanks for your help!
March 18, 2021
4:13 PM