@nongkangma wrote:
@DaveF1006 For Box 7, shown below, for Traditional IRA convert to Roth IRA, do we choose #2?
Select a code_#2 early distribution (except Roth IRA),
am I right?
And also, when I continue, it shows
"Based on your entry for box 7 on your 1099 R, you don't need to pay any extra taxes on the money taken out of this account. " which makes me very confused.
Thanks for your help!
You do not "choose" any code other then the code that is on yiur 1099-R. What code is on box 7 on the 1099-R?
**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.**
