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Retirement tax questions
fanfare, I think we are saying the same thing. It's true that the code-J distribution will also be reported on 2022 Form 8606 Part III, but it won't be taxable because it is a distribution of contribution basis. It also appears on 2022 Form 5329 line 20 to be subtracted from the carried-forward excess that will be present on line 18.
March 6, 2022
10:01 AM