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Level 3
posted Apr 7, 2023 10:08:23 AM

After withdrawal from a retirement account- do I still mark "cashed out" on the "master" account (receiving two 1099Rs)

A second 1099R is for a cash withdrawal it was taxed 20% upon withdrawal- For the "master" CSA1099r was I correct in recording it as cashed out? I am concerned about cross information

 

 

 

 

 

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1 Replies
Expert Alumni
Apr 9, 2023 7:29:44 AM

Yes, if you took a distribution and didn't put the funds into another retirement out then you will select cashed out.