WebMar 10, 2024 · House Democrats passed President Joe Biden's $1.9 trillion relief package on Wednesday, sending the bill to the Resolute Desk for a final signature. The plan's approval brings the sum of... WebNov 1, 2024 · Year 1 distribution is reported in year 1 and recontributed in year 3: A $30,000 qualified distribution is taken in 2024. The entire amount is reported as income on the 2024 tax return. The $30,000 is then recontributed in 2024. The taxpayer will be allowed to amend the 2024 return to remove the $30,000 from income.
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