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Retirement tax questions
Do you know if the distribution to you from the settlement fund will be reported on Form 1099-R? If the new account is an IRA and the distribution from the settlement fund is reported on Form 1099-R as a distribution (likely code 1), you would probably need to deposit it as a rollover so that the IRA reports it on Form 5498 as a rollover.
‎December 18, 2022
7:55 AM