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Retirement tax questions
Thanks, now I realize that it looks like Turbo Tax double counted the amount of money I returned to my IRA in 2020, due to the CARES Act, allowing us to return money beyond the 90 days.
For ease of review. I took out $160,000 and put back $60,000. All due to COVID - it Turbo Tax shows that $40,000 is taxable instead of $100,000. How can this be?
‎April 10, 2021
11:53 AM