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Retirement tax questions
You will receive a 1099-R from the financial institution that manages the 401K. You will receive that by January 31st provided the distribution occurred in 2022.
You need to include that 1099-R on your tax return for 2023. All of the distribution that you received is taxable and the taxes with held from the distribution will go towards paying them.
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‎January 10, 2024
3:21 PM