Amber M. asked
I did not earn any income in 2020. I cashed out a retirement account and federal taxes were withheld. I rolled over most of the money after taxes. The amount withheld was $4,870.19, and I rolled over $16,000 with Thrivent. I am 61 years old and had contributed to the retirement account for nearly 10 years. What am I required to file so that the money is reported, and can I get any of the federal taxes back?
October 29th, 2023
Karen G. answered
You need to report the full amount on line 5a of your 1040 form, and the amount you did not rollover...
October 29th, 2023
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