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Retirement tax questions
Then add a $1 to one and remove $1 from the other ..... the tax forms only send in the total.
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Not sure what MAX amount you are talking about. IRA "contributions" have yearly max amounts, but distributions where you take out money do not. I sure hope are entering money you are taking out of a retirement fund...and you have actual 1099-R forms in hand.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎April 14, 2021
5:13 AM