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Retirement tax questions
Check with the financial institution that moved your 401K to determine whether a Form 1099-R was issued. If a Form 1099-R is issued, you will need to report the information from it on your tax return.
The 1099-R will have a code in box 7 that indicates it was a direct rollover and as such it will not be taxed.
See these instructions from the IRS for more information.
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‎February 15, 2023
8:31 AM