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The distribution with a code of "2" will generally not increase your taxable income. If there is an entry in box 2 ("Earnings in excess contributions"), then this amount will be added to your taxable income, but this is usually very little if anything.
The distribution with a code of "2" will generally not increase your taxable income. If there is an entry in box 2 ("Earnings in excess contributions"), then this amount will be added to your taxable income, but this is usually very little if anything.
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