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1099-R
I received a 1099-R for a distribution that was subsequently rolled over to the same account under CARES Act rules. Turbo tax recognizes the the total distribution and taxes withheld as a rollover on line 4a but it also shows the taxes withheld on line 25b. Since the entire amount was rolled back to the same account and not taxable the withholding amount is overstated.
March 22, 2021
10:52 AM