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  1. Does anyone have experience reporting liquidation of your 457 for income tax purposes? I have two questions: Does this get reported as an "annuity" payment, or as "income?" I took a loss on the investment -- can I claim that on a Schedule D? (Actually, I have the same question for 403b account.) Thanks for any help or referral -- I can't find this kind of detail in the IRS literature.
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