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Retirement tax questions
Yes, you should put it on your tax return.
No, you should not be taxed on it.
You should have gotten a 1099-R from your 401-K account.
It should be posted to your tax return.
To Post a 1099-R
Log into TurboTax
- Under Federal
- Select Wages & Income
- Scroll to and select IRA, 401(k), Pension Plan Withdrawals (1099-R)
- Now Edit or Add another 1099-R
- Enter your Broker or plan administrator information.
- Follow the interview.
In the interview the question will be asked
What did you do with the money?
Answer: I rolled it into another IRA account.
This will insure it is not taxed at this time.
Please contact us again with any additional questions or to provide some additional details.
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‎April 9, 2024
6:28 AM