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Thank you. That maybe it because they took out 10k from their 401k, but no taxes were taken out of that distribution and they are under 59 1/2.
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I have a client who was on unemployment for a portion of the tax year and then decided to pull money out of their 401k and maxed out their credit cards to launc...
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I have a client who received a W2 and a 1099 MISC for a lawsuit. The 1099 MISC has a total amount in Box 3 as other income and in Box 10 an amount for proceeds ...