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Retirement tax questions
Since my 2024 W-2 has it listed, I would prefer to create the 1099-R. However, when entering data into Box 7 code P seems incorrect as it states - "P-Return of contribution taxable in 2023" shouldn't it be 2024?
Also - since I'm over 59 1/2 can I consider it an distribution where I'm not taxed so much? If so, I can I do that?
‎April 8, 2025
3:19 PM