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Rollover IRA
I am getting my taxes done from 2021. This is the 2nd amendment to correct the 1st amendment that I'm pretty sure was not done correctly.
I resigned from my job in August 2021. I rolled over almost 80k and withdrew 40k after it was rolled over. While doing my taxes, it is showing the 80k + 40k, so it looks like I had 120k in retirement. I keep telling the accountant that it is incorrect and 40k should be taken from the 80k, but he showed me the form preview where only the taxable amount is 40k. I still don't feel comfortable submitting it with it showing 120k. It is also showing 40k in 4a and 4b and I researched that 4a should be blank. Can anyone explain this to me?
Topics:
‎July 5, 2023
12:09 PM