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Retirement tax questions
Thank you, @TomYoung !
After I posted my inquiry to you yesterday, I found your other earlier posts to people in the same sittuation as I do and after getting a little bit of understanding on how the NUA works, I reached out to my former employer and asked them why the amounts in Box1 and Box2a are the same when I haven't actually even sold the share they gave me. They realized their mistake, apologized and made the corrections to my 1099-R. Now Box2a shows the difference between Box 1 and Box 6 which is the actual amount they put into my ESOP account over the years.
I understand how to enter the proceeds of the sale of my ESOP shares now in the 1099-B section of my taxes.
Thank you very much for your posts here. It literally saved me from thousands of dollars from the tax man!