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Retirement tax questions
The 1099-R box 7 has a code 4 for the distribution due to death. The distribution is taxable to you just like it would have been taxable to the decedent. What you do not pay is any penalty for the early withdrawal. The issuer should have withheld fed/state taxes which will also be entered on the tax return.
‎November 10, 2022
10:15 AM
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