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A bank sent an old ira account to unclimed funds state of florida, I recieved the funds from the state in 2023. how do i report this on my tax return
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You had the option to roll these funds over to another IRA as soon as practical after receiving the funds. Absent doing that, the distribution is reported as if the distribution had been made to you directly from the IRA. You would do this in TurboTax by entering a Form 1099-R. You can enter a substitute Form 1099-R (Form 4852) if you did not receive an actual Form 1099-R.
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