Tax Form 1099-R Explained || Taxable Retirement Distributions or Not?
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YouTubeTax, Life & Finances
Tax Form 1099-R Explained || Taxable Retirement Distributions or Not?
What is tax form 1099-R and each of the boxes on the form. Box-by-box explanation of the information on form 1099-R. Timecodes: 00:00 - Intro 00:15 - When do you receive form 1099-R? 03:19 - When are you able to combine RMDs? 04:06 - Gross distribution in Box 1 of tax form 1099-R. 05:06 - Taxable amount in Box 2 of the tax form 1099-R. 09:07 ...
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If you paid out of pocket for college, this is for you 👀 Every college sends a 1098-T tax form — and it could mean money back for parents and students. ✔️ Tuition paid by cash, check, payment plans, or loans may qualify ✔️ You could receive up to $2,500 per student ✔️ Even if your student didn’t work, you may still qualify 📌 Find your 1098-T in the student portal 📌 Give it to your tax preparer 📌 Ask about education tax credits Don’t leave college money on the table. #1098T #CollegeTaxes #Col
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