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Why am I being taxed twice the amount I am supposed to be paying on for a disaster 401k withdrawal?
We took out one lump sum in 2020 and chose to pay taxes on it over 3 years. I noticed on my return that the "taxable amount" is double what we are paying on and is making the amount we owe significantly higher than we expected. Is this correct? Or is there something wrong in the system and I need to amend?
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March 31, 2023
3:24 PM