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Retirement tax questions
The box 7 code depends on the type of account that the distribution came from and your age (under or over 59 1/2), not what you did with the money - you tell the IRS that by how it is reported on the 1040 form.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎February 2, 2021
12:30 PM