DawnC
Expert Alumni

Retirement tax questions

The code(s) in Box 7 of your 1099-R helps identify the type of distribution you received.   We use these codes and your answers to some interview questions to determine if your distribution is taxable or subject to an early withdrawal penalty.   The death of the participant/IRA owner is an exception to the early withdrawal penalty.   What is the code on your 1099-R?

 

Inheriting an IRA

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