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Profit sharing cash-out

I am preparing my taxes and need to understand how to report profit sharing cash out.

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Profit sharing cash-out

Distributions from profit-sharing plans will be reported to you and the IRS on Form 1099-R. See Where do I enter my 1099-R? for reporting instructions.

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Profit sharing cash-out

the 1099-R does not have to be issued until 1/31/2023 though sometimes they are issued late. the form will contain most if not all the info you need to report.

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