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Retirement tax questions
I suggest you contact Edward Jones for clarification regarding why this is taxable.
I suspect that the payments were made to your account, which apparently is not a tax-deferred account (Not an IRA or similar account). Payments to such accounts are taxable regardless of whether you removed the funds from that account (just like interest payments to a taxable bank savings account are taxable, regardless of what you do with the funds.)
March 26, 2022
12:23 PM