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Retirement tax questions
If you received two Forms 1099-R, one with code G and one with code H, both must be reported. Each of these is considered to be income, although the income reported on the code H is nontaxable income and box 2a of the code G Form 1099-R indicates the amount of that distribution is taxable income, with the difference between the box 1 and box 2a amounts being nontaxable income.
March 18, 2023
4:54 PM