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Retirement tax questions
From your description it sounds like it is being treated correctly as nontaxable income. you can verify that it is not being taxed by seeing that the gross amount is included on Form 1040 line 4a but is excluded from the amount on line 4b. The calculation of the taxable amount is done on Part III of Form 8606 included in your tax return.
‎February 21, 2020
6:25 PM
1,650 Views