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Retirement tax questions
Did you take a tax deduction on your tax returns for the contributions? That turns them into pre-tax. Or were you under 59 1/2 when you took the withdrawals? There is a 10% Early Withdrawal Penalty for that. Turbo Tax should ask you if you made any non deductible contributions. Oh, what code is in box 7 on the 1099R? I'll page @dmertz
‎December 19, 2023
4:29 PM