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Retirement tax questions
Thanks for your answer. I'll put in some numbers. Let's say when my previous employer sold the ESOP plan paid out $20,000 that was rolled over to an IRA. Both forms had that $20,000.
Looking at form 1040 after entering both forms, it now shows $40,000 on line 5a. Even if ROLLOVER is beside line 5b, it's still showing double the amount that was actually rolled over. That just doesn't seem correct. Am I worrying too much here?
March 23, 2024
7:47 PM