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Retirement tax questions
Yes, all your 1099-R income shows on Form 1040, Line 5a. The Taxable Amount shows on Line 5b.
When you entered your 1099-R for your IRA Distribution, make sure the IRA/SEP/Simple box is checked (after Box 7) and it should show on Line 4a/b instead.
For tax purposes, they are taxed the same, though.
Here's more info on Form 1099-R.
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February 21, 2023
2:09 PM