laval650
Level 3
04-04-2022
12:00 PM
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Now I think I know how to account for the taxes withheld in case of a rollover. I will report "gross", box 1, report all the taxes withheld, and then "G" for the code and nothing for "taxable amount", box 2a.
But the question remains: what to do with the amount already grossed up? He probably should withdraw the excess(taxes) before the due date of the return.