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1099R
my Credit Union states that my 1099R for IRA MRD is correct for an indirect rollover with in 60 days from and to the same IRA account but reports the gross distribution as the taxable amount in block 2a while taxable amount not determined is checked in block 2b. Block 7 lists code 7. Federal tax was withheld in block4.
I can not report this way since reporting an indirect rollover with other than zero in block 2a will raise taxable income incorrectly. should I change block 2a to zero and or change block 7 to code G for rollover?
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‎February 5, 2021
7:58 AM