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Retirement tax questions
The 1099R received for the tax year of 2022 (form CSA 1099R) shows only box 1 Gross Distibution and box 2a Taxable amount, and of course the state tax info along with total contributions. No amount correlates to what was withdrawn on 1/13/22. This along with "This disbursement will be reported to the Internal Revenue Service (IRS) by January 31 of the year following the date of the payment" confused me. But I think it may be a red herring. On the back page I now read "This payment is considered an "eligible rollover distribution" for purposes of federal income tax withholding." 20% tax was applied to this "rollover distribution" How or where do I place this data in TurboTax? or should it be for next year?
‎April 5, 2023
9:15 AM