Does Nationwide have to use the "General Rule" as stated in Pub575 where an exclusion % must be determined so that a portion of our initial inventiment of $100,000 will be deducted to reduce its taxable amount of Box 1 (1099-R) and show that amount in Box 2a?
Lastly, can they, as they stated to me, use LIFO so no portion of our initial will be used to reduce the taxable amount in box 2a?
I hope you can clairify this for me. Getting old is hard!!
Thanks
