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Retirement tax questions
Continue through all of the interview screens after you enter your 1099-R; there are follow-ups questions that have to be answered. If you indicate that you rolled the money over within 60 days, the distribution won't be taxable. But you need to go through all of questions first.
- When asked Tell us if you moved the money through a rollover or conversion select I rolled over some or all of it to an IRA or other retirement account within the time limits (normally 60 days) and select Continue.
- On the next screen, Did you roll over all of this (Box 1) to another retirement account? answer Yes, I rolled over to an IRA or other retirement account (or returned it to the same account) and select Continue.
If taxes were withheld in box 4 of your form, they'll either be added to your refund or applied to your tax liability.
Exceptions to 401K Early Withdraw Penalty
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‎February 12, 2025
3:03 PM