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Retirement tax questions
I am having the same issue. This is the first year entering retirement info. I have the Deluxe edition and am entering using a disc, not online. I get two options for what I did with the money 1) roll it into a different account which I did not do, or 2) Do something else. My "Do something else" option has (cashed it out, etc) after it. By clicking "something else" my taxes owed jumps almost 10K from where it was before I click that option. Is this right? Taxes have already been taken out by the administrator, so why the massive jump? Am I doing something wrong? This is really frustrating, because I feel like this is a common issue with retirements. I don't get why my "Do something else" option is also the cash out option. Help! Thanks!