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Retirement tax questions
Dmertz: Thank You very much for your continued support and input.
The form has the following on line 7
Distribution Code(s) 1,P
IRA/SEP/SIMPLE () -- This looks like blank
The top of 1099-R form lists: Distribtions From Pensions, Annuties, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
The plan name is : INDIVIDUAL 401K
In the light of the above circumstances , please suggest what should I do to prevent double taxation or the best way to handle this situation.
Thanks
Kevin
‎February 25, 2021
6:59 AM