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Retirement tax questions
The "code" I'm referring to is that of the transaction where I put some money back into the IRA, not the 1099-R code in box 7. As I understand it, currently the money returned is marked as a contribution to the IRA, which I'm not eligible to make since I had no earned income in 2022. The mistake I'm referring to is not the box 7 code but that, in my thinking, the total withdrawal amount shown in box 1 Gross Distribution or 2a Taxable amount should be less considering I put some back.
‎April 18, 2023
10:57 AM