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1099-R
I received a 1099 R from my mother's death.
Box 1 states the gross distribution of $5000.00
Box 2A is Taxable amount $5000.00
Box 4 is Federal income tax withheld $500.00
Box 7 is flagged with code 4 death benefit.
Do I report this on my return and is it considered income or an inheritance?
March 18, 2023
9:58 AM