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Retirement tax questions
Hi marcisikoff,
the second situation you describe applies to me. I transferred money from my bank account which was already taxed. I received a 1099-R form with box 2b checked + total distribution checked + code 2 in box 7. The gross distribution (box 1) is also shown in box 2a. Isn't this last part incorrect as it has been taxed already? Do you have any advise what I should do (e.g. is there a way to enter this in Turbotax, do I need to contact my bank, or is the amount actually taxable?
Thanks!
March 14, 2025
9:34 AM