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This buy out, it sounds like you completed a rollover of the FEDEX pension to the IRA. If you did that in a timely way (within 60 days) then you would not be taxed on the initial move to the IRA.If you missed the time then you were taxed on the buy out. When did you do this change (year)?
FedEX withheld tax when they gave you the money and you put the remaining amount in an IRA?
Within 60 days you of getting the money you put it in your IRA?
You did not make up the difference of the tax they withheld? In other words you did not add to the amount you put in the IRA for the tax they withheld?
Then you would have only been taxed on the amount they withheld because it was missing. It was a rollover just not a full rollover. In that year you would have only reported the tax amount as taxable and the tax withheld as a payment. Did you do that?
What year did you get the buyout and rollover to the IRA? You have not told me that yet.