Chris_4325
Level 2
04-02-2024
02:20 PM
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The taxpayer withdrew $5000 from IRA in 2023. He does not have any earned income in 2023 and it is past 60 days for rollover to another IRA. I entered $5000 into 2023 contribution (in Pro Series) and although it is not deductible, it made prior distribution nontaxable. Line 4b was $5000 and now is $0. Is that correct?
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