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51) 5 1 ) A taxpayer has taken the following qualified distributions for the 2022 2 0 2 2 tax year: One from their Roth

 

51)51)A taxpayer has taken the following qualified distributions for the 20222022 tax year:

One from their Roth IRA ((Code Q)) in the amount of $2525K

One from their Traditional IRA ((Code 7,7, Normal)) in the amount of $1010K

You need to provide the correct entries in the following boxes of the federal form 10401040:

44a IRA Distributions

44b Taxable Amount

Is the following statement correct about this task?

a))Line 44b Taxable Amount of your 10401040 should be $1010K

b))Line 44a IRA Distributions of your 10401040 should be $1010K for total IRA Distributions

 

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