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Retirement tax questions
@VolvoGirl wrote:@dmertz why do the Instructions say the check box is only for Traditional IRA and not ROTH?
A code J, T or Q in box 7 identifies the distribution as a Roth IRA distribution without the need to mark the IRA/SEP/SIMPLE box. The IRA/SEP/SIMPLE box is needed only to distinguish between IRA and non-IRA traditional retirement accounts.
‎April 14, 2021
6:45 AM