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Retirement tax questions
Thanks so much. Any recommendations on how to enter the excess on TurboTax? There are discussions that there are 2 ways to enter-
1. Create a form 1099-R and enter excess in box 1, 2a and use code P for box 7
2. Miscellaneous Income >> Source of income (other)
Any preferred way for folks who will not be able to withdraw the excess from their 401k’s?
May 10, 2021
8:54 AM