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Retirement tax questions
I have a similar, perhaps identical problem. I rolled a 401(k) to a traditional IRA (no conversion to Roth). The 1099-R shows a value in Block and $0.00 in Block 2a. Since I never had control of these funds, I can't see why they are treated as taxable income.
I tried to reflect the amount in Block 1 as a contribution to an IRA but that triggered all kinds of responses about excess contributions, penalties, etc.
Where did I go wrong?
March 16, 2022
10:59 AM