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Retirement tax questions
Leeloo (nice reference by the way).
I am reading your response, thank you, but I’m confused about one thing.
for the sake of simplicity I will round numbers.
let’s say original IRA had $15,000. Let’s say the amount issued through the check was $13,500. (Original amount -10%). Which for some admittedly idiotic reason we did not catch through this process.
am I understanding correctly, that the $1500 (10%) Will be credited back by correctly answering the rollover questions? Or is that money gone?
Thank you for your patience in trying to understand.
February 13, 2023
1:30 PM