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Retirement tax questions
Here's what I see. Your original contribution was $20,443 and your proceeds from the withdrawal is $75,000 (more or less depending on the USD). The amount that would go in Box 2A would be $75,000 - 20,443 = $54,557. This is only an estimate.
Now, if your contribution was made with pretax dollars when you initially contributed, then the entire $75,000 is taxable.
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March 28, 2025
2:21 PM